First quarter 2017, TLKM profit shot 45.8% Friday, 21 April 2017 /

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JAKARTA. The performance of I-2017 telecommunication company, PT Telekomunikasi Indonesia Tbk ( TLKM ) is becoming clearer.

Based on the information disclosure released on Friday (21/4), Telkom posted a net profit of Rp 6.68 trillion. The achievement is 45.8 percent higher compared to the same period last year ( year on year ) Rp 4.58 trillion.

Profitability was supported by TLKM revenue which rose 12.63% to Rp 31.02 trillion. While in the period of January March 2016, the new company collected Rp 27.54 trillion.

This revenue growth is in line with the company’s target of 10-15 percent increase from the realization in 2016. Last year, TLKM posted revenues of Rp 116.33 trillion.

In KONTAN notes, TLKM budgeted capex 20% -25% of revenues. The numbers range from Rp 23 trillion to Rp 29 trillion. This budget will be used for business development in the Telkom Group, in large part for expansion in the mobile industry.

source: http://investasi.kontan.co.id/news/kuartal-i-2017-laba-tlkm-melesat-458

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