Telkom's Net Income Surged 25% in 2016

State-controlled Telekomunikasi Indonesia, or Telkom, the country's largest network provider, saw a 25 percent increase in net income last year following a surge in revenue from data and Internet services, according to the company's consolidated financial report published on Monday (06/03). (JG Photo/Dhana Kencana)

By : Sarah Yuniarni | on 5:49 PM March 06, 2017
Category : Business, Corporate News

Jakarta. State-controlled Telekomunikasi Indonesia, or Telkom, the country's largest network provider, saw a 25 percent increase in net income last year following a surge in revenue from data and Internet services, according to the company's consolidated financial report published on Monday (06/03).

The company booked Rp 19.4 trillion  ($1.45 billion) in net income last year from Rp 15.5 trillion in 2015. The company's total revenue rose 13 percent last year to Rp 116 trillion.

Telkom's revenue from Internet and data services rose 23 percent to Rp 59 trillion last year from the year prior, accounting for more than half of the company's total revenue last year.

Around 132.7 million people in Indonesia, or more than half of the country's population, uses the Internet frequently according to data from the Indonesian Internet Service Provider Association (APJII) released in November last year.

Telkom said in September that 76.4 million customers use its mobile broadband service, 11.9 million of which subscribe to its 4G network which promises a faster data transfer speed.

Telkom launched its latest satellite Telkom 3S last month to upgrade its mobile Internet broadband, high-definition television broadcast and remote GSM Internet services, across Indonesia and several parts of Southeast Asia.

Meanwhile, Telkom's revenue from cellular and phone services increased 2 percent to Rp 46 trillion last year, accounting for 40 percent of Telkom's total revenue last year. The remaining revenue was derived from other Telkom services such as e-payment, handset sales, call center services and rental from telecommunication towers.

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