Telkom's Revenue Increases, but Profit Slightly Decreases in the First Half of 2023

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Nabilah Muhamad 31/07/2023 13:40 WIB

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Telkom Indonesia reported a net profit attributable to the parent entity of Rp12.75 trillion in the first half of 2023. This profit decreased despite an increase in revenue.

Telkom's Revenue and Profit for Semester I (2022-2023)

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Telkom's Revenue and Profit for Semester I (2022-2023)

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PT Telekomunikasi Indonesia Tbk, or Telkom, reported revenue of Rp73.47 trillion in the first half of 2023, a 2.07% increase year-on-year (yoy).

Telkom's revenue in the first half of this year came mostly from the data, internet, and information technology services segment, reaching Rp43.42 trillion.

Revenue from IndiHome reached Rp14.38 trillion, from telephone lines Rp5.70 trillion, interconnection revenue Rp4.46 trillion, and other services Rp2.92 trillion.

Along with the increase in revenue, Telkom also recorded an increase in costs and expenses. One significant increase was operating, maintenance, and telecommunication services expenses, which rose by 7.41% (yoy) to Rp19.17 trillion.

As a result, Telkom's net profit attributable to the parent entity decreased by 4.16% to Rp12.75 trillion in the first half of 2023.

Despite the slight drop in profit, the TLKM-coded issuer claims to be continuously developing its infrastructure and network.

"We believe this is a good cost and a long-term investment, the results of which we hopefully will be able to reap together later," said Telkom's President Director Ririek Adriansyah in his press statement on Friday (28/7/2023).

(See also: BNI's Net Profit Increases to Rp10.3 Trillion in the First Half of 2023)

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."

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Telkom's Revenue Increases, but Profit Slightly Decreases in the First Half of 2023

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