JAKARTA - PT Sarana Menara Nusantara Tbk (TOWR) recorded a profit of Rp 2.35 trillion in 2019, 6.95% higher than its record in 2018 of Rp 2.20 trillion. The increase in profit performance is in line with revenue growth recorded by the company.
According to the company's financial statements published on Monday (13/4), the company generated Rp 6.45 trillion in revenue in 2019, 10% higher than its record in 2018 of Rp 5.86 trillion. The company's gross profit and operating profit were recorded at Rp 4.64 trillion and Rp 3.92 trillion respectively.
The biggest contributor to revenue came from the tower rental business (Rp.5.58 trillion), followed by revenue from other services (Rp.881.54 billion). In 2018, tower rental business contributed Rp 5.33 trillion, while other service contributed Rp 529.11 billion. (LK/AR)