Link Net Posts Q1 Growth in Revenue and Profit
Jakarta. Link Net, a cable television and internet broadband provider, reported a strong start to the year both financially and operationally.
In the first quarter of 2018, Link Net booked year on year revenue growth upwards of 12.1 percent to Rp 907 billion ($64 million) and Rp 266 billion in net profit.
"Link Net’s strong performance in the first quarter of 2018 has built the foundations for a robust 2018 fiscal year. The company is building momentum and investors can expect continued strong financial results in the 2018 fiscal year off the back of solid and consistent operational performance. I look forward to updating investors on our continued success throughout the year," Marlo Budiman, president director and chief executive of Link Net, said in a statement on Friday (27/04).
The company added approximately 10,400 new subscribers in the first quarter of 2018. The company expanded its network to 34,000 new homes, bringing the total network size to 2.34 million.
The company’s average revenue per subscribers remained at a record high of Rp 421,000 per month for the quarter.
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
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