Good News From Telkom, This Telkomsel Parent Company Will Distribute Dividends Of IDR 16.64 Trillion

Telkom Hub. (Photo: Doc. Telkom)

JAKARTA - The Annual General Meeting of Shareholders (AGMS) of PT Telekomunikasi Indonesia Tbk (Telkom) which was held in Jakarta, Friday, May 28, one of the results was the decision to distribute dividends of IDR 16.64 trillion to shareholders.

The dividend distribution increased by 9 percent compared to last year, or 80 percent of the net profit for the 2020 financial year (dividend payout ratio). Meanwhile, the remaining 20 percent, or IDR 4.16 trillion is allocated as retained earnings.

With the number of dividends, this means that the dividends that will be received by shareholders are IDR 168.01 per share. With the share price at the close of Thursday, May 27 at IDR 3.380, the dividend yield for the issuer coded as TLKM is 4.97 percent.

The dividend payment for the 2020 financial year will be made no later than July 2, 2021. Shareholders who are entitled to receive dividends are those whose names are recorded in the Company's Shareholders Register as of June 10, 2021, until 16.15 p.m. local time.

President Director of Telkom, Ririek Adriansyah said that throughout 2020, Telkom will actively continue to support the government's efforts in Handling COVID-19 and National Economic Recovery through support for connectivity, platforms, and digital applications as well as social assistance.

"Even though the telecommunications industry was affected by the COVID-19 pandemic, Telkom was able to book a net profit of IDR 20.8 trillion, or a double digit growth of 11.5 percent compared to 2019, with total revenue of IDR 136.46 trillion or a growth of 0.7. percent compared to 2019", said Ririek.

"With a focus on three digital business domains, Telkom is able to record positive growth in revenue performance with a fairly good level of profitability despite the COVID-19 pandemic and intense business competition in the telecommunications industry", he added.

Income breakdown

The phenomenon of the need for internet access at home that increased quite significantly during the pandemic made Telkom try to meet the increasing public demand by serving more than 1.01 million additional IndiHome customers.

So that by the end of 2020 the number of IndiHome subscribers reached 8.02 million, or grew 14.5 percent compared to the end of 2019. This condition had a positive impact on Telkom, IndiHome's triple-play service recorded an increase in revenue of 21.2 percent to IDR 22.2 trillion compared to then and strengthen IndiHome's position as Indonesia's internet with the largest market share.

Meanwhile from the Mobile segment, Telkomsel as a subsidiary of Telkom is able to maintain its position as the largest cellular operator in Indonesia with national coverage serving 169.5 million subscribers, of which 115.9 million are mobile data users.

Telkomsel's digital business revenue grew quite well by 7 percent year on year (yoy) to IDR 62.34 trillion, which was driven by the increasing need for public data services amid the COVID-19 pandemic.

"With cellular data revenue that is quite strong, the company recorded total revenue for data, internet and IT services of IDR 70.99 trillion or an increase of 8 percent compared to the same period last year", said Ririek.