{
    "success": true,
    "data": {
        "id": 1485240,
        "msgid": "telkom-profit-rises-14-on-cellular-fixed-businesses-1447893297",
        "date": "2004-10-30 00:00:00",
        "title": "Telkom profit rises 14% on cellular, fixed businesses",
        "author": null,
        "source": "JP",
        "tags": null,
        "topic": null,
        "summary": "Telkom profit rises 14% on cellular, fixed businesses The Jakarta Post, Jakarta State-owned PT Telkom, the country's largest telecommunications company, reported a 14 percent surge in net profit during the first nine months of this year, on higher revenue from its cellular and fixed-line telephone businesses. Publicly listed Telkom said net profit from January to September this year rose to Rp 5.02 trillion (US$556 million) from Rp 4.41 trillion in the same period last year.",
        "content": "<p>Telkom profit rises 14% on cellular, fixed businesses<\/p>\n<p>The Jakarta Post, Jakarta<\/p>\n<p>State-owned PT Telkom, the country's largest<br>\ntelecommunications company, reported a 14 percent surge in net<br>\nprofit during the first nine months of this year, on higher<br>\nrevenue from its cellular and fixed-line telephone businesses.<\/p>\n<p>Publicly listed Telkom said net profit from January to<br>\nSeptember this year rose to Rp 5.02 trillion (US$556 million)<br>\nfrom Rp 4.41 trillion in the same period last year. Operating<br>\nrevenue also climbed to Rp 25 trillion from Rp 19.6 trillion.<\/p>\n<p>The Bandung-based Telkom did not provide an explanation for<br>\nthe increase, but analysts believe it was mainly the result of<br>\nhigher revenue booked by the company from its cellular and fixed-<br>\nline businesses.<\/p>\n<p>The company's revenue from its cellular services jumped to Rp<br>\n7.68 trillion in the first nine months of this year from Rp 6.12<br>\ntrillion in the same period last year. Revenue from its fixed-<br>\nline business increased to Rp 7.65 trillion from Rp 6.47<br>\ntrillion.<\/p>\n<p>Revenue from the company's cellular and fixed-line businesses<br>\naccount for about 61 percent of the company's total operating<br>\nrevenue, with 17.2 percent coming from the interconnection<br>\nbusiness and 21.8 percent from Internet, data, network and other<br>\nservices.<\/p>\n<p>PT Telkomsel, Telkom's joint cellular subsidiary with<br>\nSingapore Telecommunications, leads the domestic cellular market<br>\nwith 14 million subscribers, or about 53 percent of market share.<\/p>\n<p>The company expects revenue to grow by 20 percent next year as<br>\nthe number of subscribers for its cellular business and Code<br>\nDivision Multiple Access (CDMA) telephone service are projected<br>\nto increase.<\/p>\n<p>There is still huge room for growth in the telecommunications<br>\nsector in Indonesia, which has a population of over 220 million<br>\nand a low telecom penetration rate. Only about 8.5 million people<br>\nhave access to fixed-line phones, while about 25 million<br>\nsubscribe to cellular phone services.<\/p>\n<p>According to its financial statement, Telkom's interest<br>\nexpenses remain high, with an allocation of Rp 937 billion in the<br>\nfirst nine months of this year, down slightly from Rp 948 billion<br>\nin the same period last year.<\/p>\n<p>The company also incurred a foreign exchange loss of Rp 577<br>\nbillion from a gain of Rp 165 billion in the corresponding period<br>\nlast year.<\/p>\n<p>The weakening rupiah during the period made it more expensive<br>\nfor the company to repay its foreign-currency debt, because most<br>\nof its earnings are in the local currency.<\/p>\n<p>Telkom shares rose by Rp 50 to Rp 4,350 on the Jakarta Stock<br>\nExchange on Friday. The Indonesian government has a 51 percent<br>\nstake in Telkom, with the remaining stake publicly held.<\/p>",
        "url": "https:\/\/jawawa.id\/newsitem\/telkom-profit-rises-14-on-cellular-fixed-businesses-1447893297",
        "image": ""
    },
    "sponsor": "Okusi Associates",
    "sponsor_url": "https:\/\/okusiassociates.com"
}