State-owned telco firm Telekomunikasi Indonesia (TLKM), or Telkom, booked a net profit of Rp27.59 trillion in 2019, up 2.6% year on year (y/y) and revenue rose 3% to Rp135.57 trillion. Operating profit grew 7.7% to Rp42.4 trillion. Ebitda grew 9.5% to Rp64.83 trillion. The digital business of Telkomsel and Indihome grew significantly and became significant contributors to Telkom’s growth.
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