JAKARTA - PT Sarana Menara Nusantara Tbk (TOWR) secured net profit in H1 2024 of IDR 1.60 trillion, up 9.40% year-on-year (yoy) from IDR 1.46 trillion seen in the same period last year. This increase was driven by revenue growth.

Based on Financial Report of H1 2024 quoted today (30/9), TOWR has reportedly collected revenue of IDR 6.15 trillion, up 6.52% yoy from IDR 5.77 trillion in H1 2023. Gross profit also went up to IDR 4.29 trillion from IDR 4.05 trillion, yet its margin slipped to 69.80% from 70.22%.

TOWR’s revenue in H1 2024 came from lease and other services to third parties of IDR 6.08 trillion, also increasing from IDR 5.70 trillion. Then, lease and other services to related parties brought in IDR 73.02 billion, declining from IDR 74.58 billion.

Users with over 10% contributions to total revenue were PT Indosat Tbk (ISAT) that brought in IDR 2.19 trillion, PT XL Axiata Tbk (EXCL) of IDR 2.01 trillion, and PT Telekomunikasi Seluler (Telkomsel) of IDR 724.53 billion. (LK/ZH)