Telkom 3Q08 net income falls 18% on higher expenses

31 Oct 2008

Indonesia’s largest telecoms company PT Telekomunikasi Indonesia (Telkom) has reported an 18% fall in third-quarter net profit, based on Reuters calculations, impacted by higher operating and maintenance expenses. Telkom’s net profit for the three months ended 30 September 2008 was IDR2.62 trillion (USD246 million), compared to IDR3.19 trillion a year ago, using calculations based on the telco’s nine-month and first-half financial results. The company’s third-quarter revenues fell 4.75% year-on-year to IDR14.4 trillion, based on the same figures. Telkom also reported that its mobile arm PT Telekomunikasi Selular (Telkomsel) reported a 36% rise in its subscriber base to 60.5 million.

Indonesia, Telkom Indonesia