Telkom Yielded Rp 6.69 Trillion in the First Quarter of 2017
Posted on : 2017-04-20 | Tags :

Jakarta, 20 April 2017 – PT Telkom Indonesia (Persero) Tbk (Telkom) yielded again stellar results in the first quarter of 2017 with a record triple-double-digit growth on Earnings, EBITDA and Net Profit. Corporate earnings grew 12.6 percent compared to the same period in 2016 or strengthened from Rp 27.54 trilllion to Rp 31.02 trillion. EBITDA and net profit growth also increased 14.7 percent and 45.8 percent respectively from the first quarter 2016 to Rp 16.81 trillion and Rp 6. 69 trillion year-on-year. 

Telkom Finance Director Harry M. Zen said the outstanding growth of digital business or data services has spurred the impressive performance recorded so far by the end of March 2017. “The Data, Internet and IT Services Business remain the Company’s engine for growth, which compared to the first quarter of 2016, grew 25.4 percent or Rp 12.92 trillion. Dominated by fixed and mobile broadband services, this business contributed 41.6 percent to Telkom’s total consolidated earnings. This shows the results of corporate transformation to become a digital telecommunications company,” Harry said in Jakarta (20/4). 
 
The company’s operational performance by 31 March 2017 recorded that IndiHome subscribers grew 32 percent growth to 1.78 million subscribers from the same period in 2016. 
 
Telkom’s subsidiary Telkomsel also showed outstanding performance in the first three months of 2017 by pocketing Rp 22.30 trillion with Earnings, EBITDA and Net Profit grew 10.4 percent, 13.0 percent and 17.8 percent respectively. Harry added that Telkomsel can still maintain its legacy cellular business. “In order to develop the cellular business, Telkomsel has added new 7,060 3G/4G base transceiver stations in the first quarter of 2017,” Harry said. 
 
Meanwhile, the total costs grew 3.1 percent to Rp 18.60 trillion. The operation and maintenance cost increased 8.5 percent to Rp 8.30 trillion, as the company is massively developing its infrastructure network to support its mobile and fixed broadband performance.
 
Harry said he hoped the company could maintain its Q1/2017 good performance. “The strong performance in Q1/2017 is a continuation of 2016 growth. We hope to keep this growth momentum in the next quarter,” Harry concluded.