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General

Telkom's Q1 revenue falls 2%, profit drops nearly 6%

Tuesday 7 July 2020 | 09:01 CET | News
Telekomunikasi Indonesia (Telkom Indonesia) saw its revenue decline by 1.9 percent year-on-year to IDR 34.2 trillion in the first quarter of 2020. The drop was mainly due to the continuous legacy revenue decline and strategy changes in the Enterprise segment, the company said. On the other hand, Telkom's mobile digital business and the IndiHome segment continued to grow in the period. IndiHome revenue jumped 19.7 percent to IDR 5.1 trillion in the first quarter of 2020, boosted by the growing number of IndiHome subscribers, while Telkomsel's digital business was up 16.3 percent year-on-year

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Categories: General
Companies: Telekomunikasi Indonesia / Telkom / Telkomsel
Countries: Indonesia
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