Telkom’s First Half: Weaker Second Quarter & The Growing ‘Other Businesses’

Telkom (TLKM), the state-owned ICT company, which is now the largest company on Indonesia Stock Exchange (IDX) by market capitalization, booked net profit of Rp12.1 trillion in the first half of 2017, an increase of 21.9% from the corresponding period 2016. While sales revenue grew higher in the second quarter, profit margins were substantially smaller. In fact, Telkom’s net profit in the second quarter inched up 1.4% only year-on-year.To subscribe please click here