Telkomsel's profit rises 31%

Telkomsel's profit rises 31%

JAKARTA: PT Telekomunikasi Selular, or Telkomsel, Indonesia's biggest cellular-phone operator, said net income in the first nine months of this year rose 31 percent on an increase in subscribers.

Unaudited net income rose to Rp 3.99 trillion (US$439 million) in the nine months ended Sept. 30, from Rp 3.06 trillion a year earlier, the Jakarta-based company, which is 65 percent owned by PT Telekomunikasi Indonesia, said in an e-mailed release. Sales rose a third to Rp 10.7 trillion.

Its subscribers totaled 13.7 million as of Sept. 30, 56 percent more than a year earlier. -- Bloomberg