Bisnis.com JAKARTA - PT Telekomunikasi Indonesia Tbk. (TLKM) saw a revenue increase of 8.42% in the first half of 2014, reaching Rp 43.54 trillion (US$3.79 billion), up from Rp 40.16 trillion (US$3.49) in revenue for the first half of 2013.
Telecom operations, maintenance, and services constitute the largest load.
Said load grew by 9.97% in the first half of 2014, reaching Rp 10.7 trillion (US$0.93 billion), up from a total of Rp 9.73 trillion (US$0.84 billion) for the same period last year.
The company recorded a net foreign exchange loss for the first half of 2014 amounting to Rp 146 billion (US$12.68 million), dropping from a foreign exchange gain for the first half of 2013 of Rp 100 billion (US$8.69 million).
The rupiah is the operational and bookkeeping currency for the company and its subsidiaries, except for Telekomunikasi Indonesia International Pte. Ltd. of Hong Kong, Telekomunikasi Indonesia International Pte. Ltd. of Singapore, and Telekomunikasi Indonesia International S.A. of East Timor, which all use the U.S. dollar.
As of June 30, 2014, the company uses a buy rate of Rp 11.845 per U.S. dollar and a sell rate of Rp 11.865 per U.S. dollar.
Despite the increased load and exposure to foreign exchange losses, the company has been able to raise the bottom line.
In the first half of 2014, the company pocketed a net profit of Rp 7.41 billion (US$640,000), up 3.93% from the net profit from the first half of last year, which was valued at Rp 7.13 billion (US$619,000).
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*Translator's note: Yes, the net profit seems like nothing for a company with revenue like this, but I double-checked the numbers, and that is what the source says.
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