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PT Telkom Indonesia Tbk (TLKM) reported a net profit attributable to the parent entity of Rp11.76 trillion in the first half of 2024.
This figure is down 7.8% year-on-year (yoy) compared to the first half of last year, which recorded a profit of Rp12.75 trillion.
Despite this, TLKM's revenue grew by 2.46% (yoy) to Rp75.29 trillion in 2024.
By category, the largest revenue contributor was the data, internet, and information technology services segment, which generated Rp47.11 trillion.
Revenue from IndiHome reached Rp12.97 trillion, from interconnection Rp4.84 trillion, telephony Rp3.56 trillion, network Rp1.53 trillion, and other service revenue Rp3.69 trillion.
However, Telkom's revenue increase was offset by rising expenses. In the first half of 2024, Telkom's operating, maintenance, and telecommunication service expenses increased by 1.53% (yoy) to Rp19.46 trillion.
Depreciation and amortization expenses rose by 1.13% (yoy) to Rp16.12 trillion, while employee expenses surged by 20.92% (yoy) to Rp9.48 trillion.
Telkom Director Ririek Adriansyah stated that the company is implementing an early retirement program in the first half of this year to improve efficiency and productivity.
"This demonstrates Telkom's commitment to accelerating its transformation so that all of the company's business units can deliver optimal results for stakeholders," said Ririek in a press release on Tuesday (July 30, 2024).
"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."
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