Par Excellence Performance
In 3Q17, TLKM posted the respective growth of 10.9%, 6.2%, and 15.4% in revenue, EBITDA, and net profit. The data, internet and IT service divisions posting the revenue amounting to IDR15.3 trillion (+55.1% y-y) experienced the elevation of revenue contribution from 43% in 2Q17 into 46.5% in 3Q17. Telkomsel’s par excellence performance succeeding to post the data revenue amounting to IDR9 trillion (+27% y-y) was the potent driver for the elevation.
TLKM’s commitment to infrastructure development and intensive promotion activity augmented 3Q17’s operational and marketing cost respectively by IDR8.7 trillion (+16.9% y-y) and IDR1.3 trillion (+52.4% y-y). Nonetheless, the surge in revenue offset the upbeat cost; accordingly, EBITDA margin and net margin in 3Q17 were maintainable at 50.2% and 16.8% better than 2Q17’s EBITDA margin and net margin.
The surge in 3Q17’s marketing cost also resulted in the surge in the customer base of 16.3% y-y (vs 1Q17 10% y-y; 2Q17 13,1 y-y). In the coming years, TLKM estimated that the shifting focus into a digital and infrastructure development investment company will likely suppress EBITDA and net margin.
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