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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