MTEL - Bags IDR1.79 tn in net profit in 2022

Dayamitra Telekomunikasi (MTEL)’s net profit grew 29.3% yoy to IDR1.79 tn in 2022. The higher net profit yoy was supported by a 12.5% increase in revenue to IDR7.73 tn in 2022, combined with lower construction and project management as well as significant growth in finance income. EBITDA margin also climbed from 76.8% in 2021 to 80.1% in 2022. Balance sheet wise, MTEL's leverage ratio remained in check in 2022 with net gearing at 26.5%. (Source : Company)