It looks like the earnings are out - Jakarta Globe
Telekomunikasi Indonesia, the country’s largest telecommunications company, booked a 17 percent rise in net income for 2012 after a bumper finish to the year, the company said on Wednesday.
Telkom’s net income for the year hitRp 12.85 trillion ($1.32 billion), after a fourth-quarter net income of Rp 2.85 trillion, up 20 percent on a year earlier.
In 2012, revenue rose 8.3 percent to Rp 77.1 trillion.
“Cellular revenue is still the largest contributor, followed by data, Internet, IT services and text messaging,” Telkom said in a statement on its website on Wednesday.
Telkom’s cellular voice revenue rose 7.5 percent to Rp 30.7 trillion, while in data, Internet, IT services and text messaging revenue climbed 15.5 percent to Rp 27.6 trillion.
Telkom said the increase was supported by a rising number of subscribers. “Telkomsel, our cellular subsidiary, recorded robust revenue performance,” the company said.
The total cellular subscriber base rose 16.9 percent in 2012 to 125.1 million. Telkomsel’s revenue increased by 11.9 percent to Rp 54.5 trillion, constituting more than 70 percent of Telkom’s total revenue.
Subscriber numbers do not necessarily reflect a true figure of active customers. In Indonesia, the churn rate of the mobile phone industry is relatively high, amid price and promotion wars between cellular operators.
Abandoned SIM cards may still be counted in customer subscription numbers.
Telkom’s total capital expenditure stood at Rp 17.3 trillion last year. Around Rp 3.2 trillion was spent by Telkom, Rp 11.7 trillion by Telkomsel and Rp 2.4 trillion by other subsidiaries.
According to the statement, Telkom’s capex was mainly utilized for enhancing backbone and access infrastructure to support broadband.
Telkomsel’s capex was targeted toward improving its radio access network.
The capex of the group’s other subsidiaries was put toward erecting towers and further developing infrastructure, among other things.