Indonesia’s largest telecoms operator by subscribers, PT Telekomunikasi Indonesia (Telkom), says first-half net profit rose 8% year-on-year to IDR6.43 trillion (USD677 million), driven by higher revenue and lower financing costs. Revenue increased 6.8% to IDR36.72 trillion from IDR34.37 trillion in the first half of 2011, while financing costs dropped to IDR565 billion from IDR819 billion.
In a file to the Indonesia Stock Exchange (IDX), Telkom said that its increased turnover was due to ‘growing income from data, internet and information technology services as well as from its cellular business’. The firm’s president Arief Yahya added that income from such segments rose 10.3% to IDR12.74 trillion on an annualised basis, while income from its mobile division Telkomsel climbed 8.4% y-o-y from IDR13.53 trillion to IDR14.67 trillion. The official also noted that Telkom’s expenses in the first half of this year increased by 6.3% to IDR24.8 trillion, due in part to interconnection expenses which were up 33.4% to IDR2.13 trillion.