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Visi Telekomunikasi targets Rp 32 billion in revenue by year end

06 December 2018 04:25 PM  Company: PT. Visi Telekomunikasi Infrastruktur Tbk[GOLD]
Rp. 550  -5 (-0.9%)

JAKARTA - PT Visi Telekomunikasi Infrastruktur Tbk (GOLD) targets revenue by the end of 2018 to reach Rp 32 billion. This was conveyed by the company's management in the public expose.

Financial performance Visi Telekomunikasi showed growth from 2016 to 2018. In 2016, the company recorded revenue of Rp 9.6 billion and in 2017 it was Rp 26.8 billion. Based on the financial statements that ended in September 2018, the company was able to record revenues of Rp 23.4 billion.

Visi Telekomunikasi’s EBITDA also grew from Rp 11.6 billion to FY2017 to Rp 15.1 billion at the end of September this year. The company also estimated that EBITDA by the end of this year will grow along with revenue. "Annualized EBITDA is around Rp 20 billion," said Riady Nata, Director of Visi Telekomunikasi Infrastruktur.

Although revenue and EBITDA showed improvements, the company's losses actually swelled to Rp 4.2 billion. This was due to the existence of shareholder debt of Rp 63 billion and bank debt of Rp 42 billion, as well as an interest expense of Rp 8.5 billion. (LM)

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PT. Visi Telekomunikasi Infrastruktur Tbk [GOLD]   Rp. 550   -5 (-0.9%)