JAKARTA - PT Dayamitra Telekomunikasi Tbk (MTEL), or Mitratel, has recorded performance increase since its first debut on Indonesia Stock Exchange (IDX) in November 2021. In Q3 2023, this issuer reported increases in its revenue of 11.89% and profit of 16.63% year-on-year (yoy).

In the Financial Report of Q3 2023 quoted Tuesday (31/10), Theodorus Ardi Hartoko, President Director of Mitratel, revealed that the revenue clocked up to IDR 6.27 trillion, and its net profit was IDR 1.43 trillion. The revenue came from telecommunication tower lease of IDR 5.76 trillion, construction services of IDR 495.86 billion, as well as electricity services and rent of IDR 10.36 billion.

In terms of users, the revenue came mostly from PT Telekomunikasi Selular (Telkomsel), amounting to IDR 3.47 trillion, followed by PT Telekomunikasi Indonesia (Persero) Tbk (TLKM) of IDR 81.96 billion.

Construction services income was brought in by TLKM of IDR 430.13 billion and Telkomsel of IDR 22.69 billion, while Telkomsel generated income for electricity services and rent of IDR 8.99 billion.

In Q3 2023, MTEL’s revenue was IDR 5.60 trillion, accumulated from telecommunication tower lease of IDR 5.06 trillion, construction services of IDR 537.99 billion, as well as electricity services and rent of IDR 15.42 billion. Its profit was recorded at IDR 1.22 trillion. (LK/ZH)