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.