JAKARTA - PT Dayamitra Telekomunikasi Tbk (MTEL) revenue and profit increased slightly, with growth of 7.18% and 4.82% respectively in 2024 from 2023.

Citing the 2024 Financial Report on Thursday (3/4), Theodorus Ardi Hartoko, President Director of MTEL said that the company posted revenue of IDR 9.30 trillion, up from IDR 8.63 trillion. The company's revenue growth was supported by all business segments.

Revenue from Telecommunication Tower Rental was Rp8.63 trillion, up from Rp8.04 trillion, Construction Services contributed Rp639.31 billion, up from Rp624.27 billion, and Electricity Rental Services Rp38.33 billion, up from Rp15.41 billion.

Customers with the highest contribution are PT Telekomunikasi Selular 53%, followed by PT Indosat Tbk (ISAT) 20%, and PT XL Axiata Tbk (EXCL) 12% to MTEL's total revenue in 2024.

The company posted a gross profit of Rp4.80 trillion, an increase of 12.30% from Rp4.27 trillion, gross profit margin of 51.58%, up from 49.23%. Operating profit rose 13.62% to Rp4.17 trillion from Rp3.67 trillion and profit for the year grew to Rp2.10 trillion from Rp2.01 trillion. (LK/LM)