ICT retailer PT Erajaya Swasembada Tbk (ERAA) reported a 13.8% drop in profit attibutable to equity, to Rp61 billion in the first quarter (Q1) of 2016, while its peer PT TiPhone Tbk (TELE) reported a 30% growth in profit to Rp111 billion.┬áBoth companies posted revenues growth for the period but Erajaya reported a 9.4% decline in its operating profit, to Rp128 billion. TELE’s operating profit rose 43.2% to Rp233 billion.

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