Telecommunication Issuers' Performance in the First Half of 2020

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Andrea Lidwina 19/08/2020 11:30 WIB

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Two Indonesian telecommunication companies, Smartfren Telecom and Indosat, reported losses during the January-June 2020 period. However, Telkom recorded a net profit of Rp 10.9 trillion.

Telecommunication Companies' Profits/Losses in the First Semester

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Telecommunication Companies' Profits/Losses in the First Semester

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Two telecommunication companies recorded losses during January-June 2020. First, PT Smartfren Telecom Tbk (FREN) reported a loss of Rp 1.2 trillion. This figure is 14% higher than the loss in the first half of 2019.

Second, PT Indosat Tbk (ISAT) experienced a loss of Rp 341.1 billion. This loss is deeper than the same period in the previous year, which was Rp 331.9 billion.

However, PT Telekomunikasi Indonesia Tbk (TLKM) recorded a net profit of Rp 10.9 trillion in the first half of 2020. This figure decreased slightly by 0.8% compared to the profit in January-June 2019. PT XL Axiata (EXCL) has not yet published its financial report for the second quarter of 2020. However, in the first quarter of 2020, EXCL managed to book a net profit of Rp 1.5 trillion, up 2,557% from Rp 57.2 billion in the first quarter of last year.

Editor : Safrezi Fitra

"Disclosure: This is an AI-generated translation of the original article. We strive for accuracy, but please note that automated translations may contain errors or slight inconsistencies."