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Jakarta Post

Telkom books 11.5% growth in net profit as digital demand rises

The Jakarta Post Image
PT Telekomunikasi Indonesia Tbk, commonly known as Telkom Indonesia, is a multinational Indonesian telecommunications conglomerate.(Shutterstock/Faishalabdula)
Dzulfiqar Fathur Rahman
Jakarta   ●   Fri, April 30, 2021

Publicly listed PT Telekomunikasi Indonesia (Telkom) booked a net profit growth of 11.5 percent annually to Rp 20.80 trillion (US$1.43 billion) last year as the COVID-19 pandemic led to a rise in internet use.

Telkom, Indonesia’s biggest telecommunications company, pocketed Rp 136.46 trillion in revenue, marking a 0.66 percent increase from a year earlier, led by higher earnings in its mobile data and home internet business segments, its latest financial report shows.

However, the company’s telephone revenue dropped a steep 22.77 percent annually to Rp 21.61 trillion as Indonesians continued reducing credit-based communication.

“The pandemic has accelerated the country’s digital transformation by a few years and this offers room for Telkom to accelerate as well,” Telkom president director Ririek Adriansyah was quoted in a pre...

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