Telco tower operator Tower Bersama Infrastructure (TBIG) booked a net profit of Rp229.3 billion in the first quarter (Q1) of 2019, declined 3% year on year (y/y) while revenue rose 9% to Rp1.13 trillion. Operating profit also increased by 6.7% to Rp811 billion, but the Company recorded tax expenses of Rp74 billion in the said period, compared to Rp3.9 billion only in Q1 last year.
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