Jakarta. Cable television and internet broadband provider Link Net posted outstanding net income growth in the January-September period, thanks to an increasing number of corporate and residential subscribers.
The company's net income increased 13.8 percent to Rp 740 billion ($54 million) in the first nine months, while revenue inched up 16.5 percent to Rp 2.5 trillion in the same period.
"The company's strong and consistent results are a reflection of the ever-increasing demand for high-speed broadband internet and good quality cable television services in Indonesia, as well as a great effort by the Link Net executive team," Link Net president director Irwan Djaja said in a statement on Tuesday (31/10).
The company added 13,640 subscribers to its network between January and September, bringing the total number of residential users to 1.94 million. Meanwhile, the company's bundle average revenue per subscriber stood at Rp 420,000 in September, having risen 4.2 percent compared with same period last year.
"The company continues to consistently deliver both operationally and financially. We have built a strong foundation for the year to date and look forward to reporting our full-year results in a few months," Irwan added.
Link Net, which was established in 1996, operates in the greater Jakarta area; Bandung, West Java; Medan, North Sumatra; Batam, Riau Islands; and Surabaya and Malang in East Java.
The Jakarta Globe and Link Net are both affiliated with the Lippo Group