Asia Pulse
CORR: SLOWER GROWTH ESTIMATED FOR INDONESIA'S PT TELKOM PROFIT
Tuesday July 22, 07:38 PM
Corrects US dollar amount in 1st par.
JAKARTA, July 22 Asia Pulse - A slower growth was estimated in the net profit of the country's largest telecommunication company PT Telkom in the second quarter of this year compared to the previous three-months.
In the first quarter of this year, Telkom reported Rp3.2 trillion (US$352 million) in net profit or an increase of 5.4 per cent from the same period last year.
Performance in the second quarter of this year was not as good as in the first quarter, company source told the newspaper Bisnis Indonesia. Telkom's chief financial officer Sudiro Asno did not deny the report saying the company is set to improve performance in the third and fourth quarters.
Sudiro said Telkom is still optimistic it would reach its income growth target of 15 per cent with net profit growing 12 per cent this year.
He predicted that the number of telecommunications subscribers in the country will grow by 20 million this year and Telkom will share 50 per cent of the increase.
(ANTARA)
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