Telkom's Net Profit Falls to Rp6.05 Trillion in Q1 2024

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Nabilah Muhamad 19/04/2024 14:51 WIB

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Telkom Indonesia Tbk (TLKM) reported a net profit of Rp6.05 trillion in Q1 2024, down 5.8% compared to Q1 of the previous year.

PT Telkom Indonesia Tbk's Revenue and Profit for Quarter I (2023-2024)

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Telkom's Net Profit Falls to Rp6.05 Trillion in Q1 2024

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PT Telkom Indonesia Tbk's Revenue and Profit for Quarter I (2023-2024)

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PT Telkom Indonesia Tbk (TLKM) reported a net profit attributable to the parent entity of Rp6.05 trillion in the first quarter of 2024.

This figure represents a 5.78% decrease year-on-year (yoy) compared to the Rp6.42 trillion profit recorded in the first quarter of the previous year.

The profit of the TLKM-coded issuer decreased despite an increase in revenue. In Q1 2024, TLKM's revenue increased by 3.71% (yoy) to Rp37.43 trillion.

The largest portion of revenue came from the data, internet, and informatics services segment, contributing Rp22.9 trillion.

Revenue from IndiHome reached Rp6.86 trillion, interconnection Rp2.57 trillion, telephony Rp1.74 trillion, network Rp685 billion, and other service revenue Rp1.85 trillion.

However, the increase in revenue was offset by rising expenses. In Q1 2024, Telkom's operating, maintenance, and telecommunication service expenses increased by 4.92% (yoy) to Rp9.62 trillion.

Depreciation and amortization expenses rose by 2.59% (yoy) to Rp8.08 trillion, while interconnection expenses surged by 22.75% (yoy) to Rp1.93 trillion.

Editor : Adi Ahdiat

"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."