The Tower Company Of The Djarum Group Owned To The Konglomerat Hartono Brothers Revenue Raup Rp933.9 Billion And Profit Rp505 Billion In Semester I 2022

Illustration. (Photo: Doc. Antara)

JAKARTA - The telecommunications tower company from the Djarum Group belonging to the Hartono Brothers conglomerate, PT Solusi Tunas Pratama Tbk (SUPR), has recorded a decline in revenue throughout the first semester of 2022. However, SUPR managed to record an increase in net profit during the first six months of this year. In SUPR's financial report, quoted on Tuesday, September 6, the company's revenue fell to Rp933.9 billion in the first six months of 2022. This revenue fell 10.47 percent compared to the same period last year of Rp1.04 trillion. The revenue was contributed from third-party income of Rp933.9 billion. Based on its customers, SUPR received the largest revenue from PT XL Axiata Tbk. (EXCL), which was valued at Rp331.3 billion in the first semester of 2022, or 35 percent of the company's total revenue. SUPR also received revenue from PT Hutchison 3 Indonesia of Rp201.8 billion, PT Telekomunikasi Selular Rp141 billion, PT Indosat Tbk. (ISAT) of Rp121 billion, and PT Smartfren Telecom Tbk. (FREN) of Rp101 billion. SUPR's cost of revenue also decreased until the first semester of 2022 to Rp215 billion, from Rp275 billion, down 21.53 percent on an annual basis or year on year (yoy). This decline in revenue made SUPR's gross profit decrease to Rp717 billion, or 6.51 percent from Rp767 billion. However, SUPR's net profit was recorded to be able to grow 136.8 percent to Rp505 billion in the first semester of 2022, from Rp213 billion in the first semester of 2021. This significant growth in net profit was due to the decline in SUPR's financial costs in the first semester of 2022 to Rp127 billion, from Rp383 billion on an annual basis. As for June 30, 2022, SUPR recorded total assets of IDR 9.5 trillion, down from December 31, 2021, IDR 11.6 trillion. The company's total liabilities fell to IDR 5.3 trillion at the end of June 2022, from IDR 8.4 trillion at the end of December 2021. Meanwhile, the company's total equity rose to IDR 4.1 trillion in the first semester of 2022, compared to 2021 of IDR 3.2 trillion.