State telecom company PT Telekomunikasi Indonesia Tbk. (IDX: TLKM)—also known as Telkom—booked Rp102.47 trillion in revenues last year. The figure represents a 14.24-percent annual growth from 2014’s Rp89.70 trillion.
“Telkom’s revenue growth to Rp102.47 trillion was mainly supported by a surge of income in the data, internet and IT services business lines,” Telkom President director Alex J Sinaga said in a press release in Jakarta, Monday, March 7
Telkom’s 2015 revenue increase led to a net profit growth of 7.0 percent to Rp15.49 trillion.
According to Alex, data, internet and IT segments contributed Rp32.69 trillion to the company’s revenue. This is a 37.5 percent increase from the year before.
Telkom also noted an increase in the number of fixed broadband customers last year to 3.98 million subscribers, a 17.2 percent annual increase. This increase is attributable to the company’s newest service, IndiHome, which in 2015 pooled in more than a million new customers.
In the cellular business, Telkom remains as the country’s market leader with 152.64 million subscribers
The company’s earnings before interest, taxes, depreciation and amortization (EBITDA) in 2015 amounted to Rp51.42 trillion, a 12.6-percent year-on-year growth.
Meanwhile, the company recorded an operating cost increase of 15.8 percent to Rp70.05 trillion. The rise in expense is mostly due to the company’s aggressive activities in building and modernizing its infrastructure, especially broadband facilities.