PT Telkom nets 17% rise in net profit<\/p>\n
JAKARTA (JP): State-owned PT Telkom reported yesterday a 17
\npercent increase in net profit to Rp 821 billion (US$305.2
\nmillion) in the first half of 1997 over the same period last
\nyear.<\/p>\n
The growth rate was lower than 44.91 percent recorded in the
\nfirst semester last year.<\/p>\n
The company said its operating revenue rose 21 percent to Rp
\n2.87 trillion in the January-to-June period this year over the
\nsame period last year. Operating revenue increased 22 percent in
\nthe same period in 1996.<\/p>\n
\"The increase in net income and operating revenues was largely
\nattributed to Telkom's continued growth in the lines in service
\n(LIS), pulse production, KSO (joint operation) schemes and
\nincreased interconnection revenue with other telecommunications
\noperators,\" the company said.<\/p>\n
Telkom's earnings per share increased to Rp 87.96 ($0.65 per
\nAmerican Depository Share) in the first half of this year from Rp
\n75.2 ($0.64) in the first half of 1996.<\/p>\n
The company reported the number of installed telephone lines
\n(including public phones and pay phones) reached 4.51 million as
\nof June 30, a 22.4 percent increase from 3.68 million in June
\n1996.<\/p>\n
LIS per 100 inhabitants increased to 2.26 as of June 30 this
\nyear from 1.85 in the first half of 1996.<\/p>\n
\"During the first half of 1997, we added 326,554 LIS compared
\nwith 395,612 LIS in the same period in 1996.\"<\/p>\n
Telkom said it believed the slower growth in LIS was partly
\ndue to the slower growth in installed lines, technical problems
\nwith wireless local loop and increased cellular penetration.<\/p>\n
Out of the 4.51 million lines, 2.48 million lines have been
\ninstalled in the greater Jakarta area and East Java which are
\nmanaged by Telkom, while the remainder in other areas of the
\ncountry are managed by five private firms under 15-year contracts
\nwith Telkom.<\/p>\n
Subscribers rose by 22.3 percent to 4.4 million from 3.6
\nmillion during the same period in 1996.<\/p>\n
The company said call traffic rose by 20 percent to 23.81
\nbillion pulses in the January-June period this year from 19.83
\nbillion pulses in the same period last year. The 20 percent
\nfigure was much less than 30.37 percent reached in the first half
\nin 1996.<\/p>\n
Telkom, which is listed on the Jakarta, Surabaya, London and
\nNew York stock exchanges, said that its subscribers are comprised
\nof business (23.72 percent), residential (75.85 percent) and
\nsocial (0.42 percent).<\/p>\n
During the first half of 1997, total assets grew by 11.4
\npercent to Rp 18.3 trillion; property, plant and equipment by
\n24.6 percent to Rp 13.73 trillion; long-term debts (including
\ncurrent maturities) by 11.6 percent to Rp 5.03 trillion and
\nstockholders' equity by 17 percent to Rp 9.3 trillion.<\/p>\n
Total long-term debt to total capitalization decreased to 35.1
\npercent in the first half of 1997 from 36.19 percent in the first
\nhalf of 1996. (icn)<\/p>",
"url": "https:\/\/jawawa.id\/newsitem\/pt-telkom-nets-17-rise-in-net-profit-1447893297",
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