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Jakarta Post

Telkom books 3.5 percent profit growth in 2019 as demand for internet services rises

  • The Jakarta Post

Jakarta   /   Fri, May 29 2020   /  01:00 am
Mobile operator company Telkomsel continues to recover telecommunication infrastructure in Palu, Donggala and the surrounding areas in Central Sulawesi following the earthquake and tsunami that shattered the region on Friday.(Shutterstock/File)

Publicly listed state telecommunication giant PT Telekomunikasi Indonesia (Telkom) booked Rp 18.66 trillion (US$1.11 billion) profit in 2019, a 3.5 percent rise from the preceding year, as the company’s mobile and internet services businesses were on the rise. Telkom’s cellular operator subsidiary Telkomsel saw its digital business earning jump by 23.1 percent to Rp 58.24 trillion as mobile data consumption grows, while Telkom’s home internet provider arm IndiHome also recorded a 28.1 percent increase in its earning to Rp18.3 trillion last year. “Our achievement in 2019 reflects that Telkom is on the right path in becoming a digital telecommunication company,” Telkom president director Ririek Adriansyah said in a statement on Tuesday. Stocks of Telkom, traded at Indonesia Stock Exchange (IDX) under the code (TLKM), were down 2.77 percent at 2:04 p.m...