TLKM - Earnings declined 7.43% yoy in 1Q24

TLKM - Earnings declined 7.43% yoy in 1Q24 Telkom Indonesia' (TLKM) net profit declined 7.43% yoy in 1Q24 to IDR7.82 tn, mainly due to higher costs and operating expenses (opex), yoy, despite the company recorded a 3.71% yoy higher revenue at IDR37.42 tn. TLKM' revenue in 1Q24, was contributed by; its mobile segment at IDR21.09 tn (+2.2% yoy), consumer segment at IDR6.86 tn (+3.2% yoy), wholesale and international business (WIB) at IDR4.73 tn (+16.8% yoy), enterprise at IDR4.46 tn (-0.67% yoy), and others of IDR278 bn (+10.3% yoy). Yet, TLKM' operating profit declined 3.8% yoy in 1Q24 to IDR11 tn on the back of higher costs and opex, yoy. (Source : IDN Financials)