Telkom Indonesia sees rising profits in 2014 on strong data revenue growth

10 Mar 2015

Indonesia’s state-owned telecommunications company Telekomunikasi Indonesia (Telkom Indonesia) has reported net profit of IDR14.6 trillion (USD1.1. billion) for 2014, up 2.8% year-on-year from IDR14.2 trillion the previous year, driven by a sharp rise in data revenue. However, the group’s profit fell short of the IDR15.3 trillion average estimate of 22 analysts in a Thomson Reuters poll. In a filing to the Indonesia Stock Exchange on Monday, Telkom confirmed that sales derived from internet, data communications and informatics services increased 22% last year, up to IDR23.6 trillion from IDR19.3 trillion in 2013, while revenue from cellular (voice) services from mobile unit Telkomsel increased 6.7% to IDR34.3 trillion – contributing the lion’s share, or 38%, of the group total. As a result, total revenue climbed 8.1% year-on-year to IDR89.7 trillion, although operating costs were also up 6.4% at IDR61.4 trillion in FY 2014. Telkom said it is allocating USD1.8 billion for capital expenditures in 2015 to expand its national infrastructure.

Indonesia, Telkom Indonesia