LinkNet 1H17 net profit climbs 23.3% to IDR490bn

1 Aug 2017

Indonesian cable television and broadband internet provider LinkNet, which is majority-owned by First Media, the media arm of local conglomerate the Lippo Group, has published its financial results for the six months ended 30 June 2017, with net profits up 23.3% year-on-year to IDR490.0 billion (USD36.9 million) from IDR397.4 billion in H1 2016. Revenues in the six-month period increased by 18.5% to IDR1.65 trillion from IDR1.39 trillion, aided by a moderate increase in blended monthly ARPU to IDR419,000 from IDR418,000 previously. Operating income stood at IDR622.0 billion from IDR538.8 billion (+23.0% y-o-y), in a period in which LinkNet also bolstered its service coverage footprint by 47,000 homes passed, lifting the total to 1.9 million at 30 June 2017.

Indonesia, LinkNet (First Media)