Telkom Indonesia books IDR7.13tn net profit in H1

22 Jul 2013

The Jakarta Post reports that Indonesia’s largest communications firm by revenue, PT Telekomunikasi Indonesia (Telkom Indonesia) has reported net profits of IDR7.13 trillion (USD703 million) for the six months ending 30 June 2013, a 10.8% increase on the figure reported in the year-earlier period, driven by its growing cellular and data business. In a filing to the Indonesia Stock Exchange (IDX), Telkom Indonesia reported that total revenues for 1H13 climbed by 9.4% year-on-year to IDR40.16 trillion from IDR36.72 trillion previously. The group’s director Arief Yahya noted that ‘The increase in revenue was primarily backed by increased earnings from data service, internet and information technology [IT] as well as income from cellular’.

Telkom said that revenue reaped from its 65%-owned mobile division PT Telekomunikasi Selular (Telkomsel) reached IDR15.4 trillion in the first half of the year, up 4.9% on an annualised basis, and contributed about 38% to the company’s total revenues. The unit’s growth was in part supported by a 6.7% increase in subscribers to 125.1 million compared to 120.61 million three months earlier. Furthermore, Telkom reported a sharp increase in sales derived from data, internet and IT services of IDR15.04 trillion in the first six months of the year, 18% higher than the IDR12.74 trillion in the previous year. The group’s data, internet and information technology business contributed about 37% of Telkom’s total revenues in H1 2013, helped by a rise in fixed broadband (Speedy) users to 2.78 million (+42%), and a 91.4% surge in the mobile broadband (Flash) base to 11.11 million. Telkom also said that BlackBerry users also increased by 56% to 6.33 million from 4.06 million at end-June 2012. However, the strong subscriber gains were not reflected in sustained average revenue per user (ARPU) rates for broadband, which declined by 23.6% in January-June due to increasing users of pre-paid services with lower ARPU – such as Speedy. ARPU for Telkomsel’s cellular business remained stable at IDR36,000, it said.

Indonesia, Telkom Indonesia