Revenue Increases 2.86 Percent, Telkom Earns IDR 20.75 Trillion Net Profit In 2022

JAKARTA - PT Telkom Indonesia (Persero) Tbk (TKLM) recorded a net profit of IDR 20.75 trillion in 2022. This amount decreased 16.18 percent compared to the previous year which amounted to IDR 24.76 trillion.

Seeing the disclosure of information, Monday, March 27, Telkom's revenue experienced an increase to IDR 147.31 trillion in 2022. This amount increased by 2.86 percent compared to the same period the previous year of IDR 143.21 trillion.

The company noted that Telkom Indonesia's general and administrative expenses rose to IDR 5.85 trillion in 2022 from the 2021 period of IDR 5.01 trillion. The marketing expenses increased to IDR 5.44 trillion in 2022 from the 2021 period of IDR 5.18 trillion.

In addition, there was an increase in operating expenses, maintenance and telecommunication services increased to Rp38.18 trillion from the 2021 period of Rp38.13 trillion. The burden of preparation and amortization increased to Rp33.25 trillion in 2022 from the same period the previous year of Rp31.81 trillion.

However, the burden of further employees will be IDR 14.90 trillion until 2022 from 2021 amounting to IDR 15.52 trillion.

The Company noted that losses that have not been realized from changes in the fair value of investment amounted to IDR 6.43 trillion in 2022 from 2021, profit of IDR 3.43 trillion.

On the other hand, the company recorded a foreign exchange gain increase to IDR 256 billion in 2022 from 2021 of IDR 50 billion.

In terms of consolidated financial reports, Telkom recorded total assets falling to IDR 275.19 trillion in 2022 compared to IDR 277.18 in 2021.

The number of liabilities and compact equity decreased to IDR 125.93 trillion and IDR 149.26 trillion, respectively.