JAKARTA - The telecommunications infrastructure company PT Solusi Tunas Pratama Tbk (SUPR) reported a profit of IDR974.31 billion in 2024, down by 13.65% compared to the previous year's IDR1.12 trillion.

According to the latest financial report, the company’s revenue reached IDR1.81 trillion, declining by 3.95% from the previous year's IDR1.89 trillion.

SUPR’s revenue contributions came from tower leases to PT XL Axiata Tbk (EXCL) amounting to IDR677.18 billion, PT Indosat Tbk (ISAT) IDR595.149 billion, PT Telekomunikasi Selular (Telkomsel) IDR343.32 billion, and PT Smart Telecom IDR195.5 billion.

Meanwhile, the revenue decline led to a rise in cost of goods sold by 1.76%, reaching IDR473.41 billion in 2024.

On the other hand, in 2024, SUPR incurred net other expenses of IDR137.48 billion, which is significantly different from 2023 when SUPR booked net other income of IDR30.66 billion.

According to IDNFinancials.com data, SUPR recorded total assets of IDR9.8 trillion as of December 31, 2024. Meanwhile, total liabilities and equity amounted to IDR3.1 trillion and Rp6.69 trillion, respectively. (DH/LM)