Telkom Earns Revenue Of IDR 36.09 Trillion In The First Quarter Of 2023

Photo: Doc. Telkom

JAKARTA - PT Telkom Indonesia Tbk (TLKM) earned IDR 36.09 trillion in revenue in the first quarter of 2023. This achievement rose 2.5 percent from the same period last year of IDR 35.20 trillion.

In TLKM's financial report, quoted on Saturday, April 29, the company posted operating expenses, maintenance, and telecommunication services of Rp9.17 trillion, shrinkage and amortization expenses of Rp7.88 trillion, employee expenses of Rp3.73 trillion, general and administrative expenses of Rp1.84 trillion, interconnection expenses of Rp1.57 trillion, and marketing expenses of Rp763 billion.

In addition, there are advantages that have not been realized from changes in the fair value of investment of IDR 430 billion, other net expenses of IDR 5 billion, and a loss of a net exchange difference of IDR 107 billion.

As of March 31, 2023, Telkomsel (a subsidiary of Telkom) assessed the fair value of investment in PT GoTo Gojek Tokopedia Tbk (GOTO) using the GOTO stock market value of IDR 109 per share.

The amount of profit that has not been realized from the change in Telkomsel's fair investment value at GOTO on March 31, 2023 is IDR 427 billion and is presented as an unrealized profit from the change in the fair value of investment in the consolidated loss profit report.

Meanwhile, Telkom's operating profit increased from IDR 10.61 trillion to IDR 11.43 trillion during the first 3 months of 2023. Meanwhile, profit before income tax was IDR 10.59 trillion and profit for the current period of IDR 8.44 trillion which increased from IDR 7.85 trillion in the first quarter of 2022.

Telkom recorded a profit for the period attributable to owners of the parent entity of IDR 6.42 trillion, up about 5 percent from IDR 6.11 trillion in the first quarter of 2022. Meanwhile, net profit per share was IDR 64.85, larger than IDR 61.76 in the first quarter of last year.

Telkom's total assets as of the end of March this year was IDR 278.47 trillion, liabilities were IDR 120.83 trillion, and equity was IDR 157.64 trillion.