Telkom Nets Rp15.5tn Profit
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State-owned telecom operator company PT Telekomunikasi Indonesia (Persero) Tbk., booked a net profit of Rp15.5 trillion last year. The figure reflects a six-percent increase from 2014’s Rp14.4 trillion net profit.
Telkom official says that the net profit climb was mainly supported by an increase in revenue.
“Last year our revenue rose 14.2 percent to Rp102.4 trillion,” president director Alex J. Sinaga said in an official statement to the Indonesia Stock Exchange (IDX) yesterday.
Despite the revenue increase, Telkom’s net profit achievement last year was held back by the 26 percent increase of operating, maintenance and telecommunications services costs. Interconnection charges also rose 21.6 percent.
As a result, last year’s operating income only rose 10.9 percent to Rp32.4 trillion.
Telkom is currently the only listed telecommunications operators Indonesia that still managed to book profits. Other operators have been noting losses or profit declines. PT XL Axiata Tbk (EXCL), for example, suffered a loss of Rp506 billion in the period of January-September 2015. Not unlike with PT Indosat Tbk (ISAT), who posted a loss of Rp733.8 billion in the first half of 2015.
Questions & Answers
Q.What caused the net profit to increase for Telkom?
What caused the net profit to increase for Telkom?
The rise in net profit was primarily supported by a 14.2 percent increase in revenue, which reached Rp102.4 trillion last year.
Q.Why did Telkom's operating income not increase as much as its revenue?
Why did Telkom's operating income not increase as much as its revenue?
The net profit achievement was held back by a 26 percent increase in operating, maintenance, and telecommunications services costs. Interconnection charges also rose by 21.6 percent.
Q.How did other telecommunications operators in Indonesia perform during the same period?
How did other telecommunications operators in Indonesia perform during the same period?
Other operators experienced losses or profit declines. For instance, PT XL Axiata Tbk suffered a Rp506 billion loss, and PT Indosat Tbk posted a Rp733.8 billion loss.
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