JAKARTA. PT Telkom Indonesia (Persero) Tbk (TLKM), a telecommunication company with the biggest market capitalisation in Indonesia, is confident that it will be able to drive positive growth in performance, as well as generating profit by the end of 2024.

Heri Supriadi, Director of Finance and Risk Management of TLKM, mentioned that this projection is in line with the company’s achievement until H1 2024, in which the company managed to score IDR 75.3 trillion of revenue, or up 2.5% year-on-year (yoy), while its operating profit grew 4.2% yoy to IDR 13 trillion.

Most of TLKM’s revenue in H1 2024, Supriadi said, came from Telkomsel business unit that generated IDR 57.2 trillion. Telkomsel’s revenue in this period went up 29.9% yoy.

“With steady performance until this first half of 2024, we are optimistic that Telkom is able to record positive and profitable performance in 2024, whilst recording the progress and realisation of the company that could provide optimum value for stakeholders and investors in the future,” said Supriadi in Live Public Expose 2024 of TLKM today (26/8).

According to IDNFinancials data, TLKM’s price went up 10 points or 0.34% in the first session today. However, since the beginning of this year, TLKM has actually plummeted 1,030 points or 25.81%. (KR/ZH)