JAKARTA. PT Telekomunikasi Indonesia (Persero) Tbk (TLKM) managed to record net profit growth of 1.34% to Rp16.67 trillion in the third quarter (Q3) of 2020, despite declining revenue.
In Q3 2020, the company recorded a revenue of Rp99.94 trillion, 2.62% lower than its record in Q3 2019 of Rp102.63 trillion.
The company managed to record growth in most of its business lines, except landline phones and network that declined considerably.
In addition, the company's liabilities rose by 8.77 YoY from its record in Q3 2019, from Rp103.95 trillion to Rp115.33 trillion. (AM/AR)