Unlike tower operator Sarana Menara Nusantara (TOWR), Tower Bersama Infrastructure (TBIG) reported a 21.7% decline in net profit to Rp216 billion for the third quarter (Q3) of 2018, due to a 350% jump in income tax expenses to Rp36 billion from Rp8 billion previously. In the first half (H1) of 2018, TBIG reported a 7.75% growth in net profit, in line with the 7% growth in revenues and the 4.47% growth in operating profit.
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