Co is engaged in the distribution of consumer electronic products and investments in real estate projects. [FY16 Turnover] Lifestyle (83.1%), investments (16.9%).
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Feb-17, 9M17 operating revenue dropped 3.6% and would have been stable excluding the mobile termination rates change in Australia. Post-tax underlying profit contributions from the associates increased mainly from Telkomsel and NetLink Trust but partly offset by declines at AIS and Globe. Overall net profit attributable to shareholders fell 1.2%.
Nov-16, 1H17 operating revenue dropped 4.8% mainly due to the decline in mobile termination rates in Australia from Jan-16. Profit contributions from associates increased mainly from Telkomsel & lower fair value losses at Airtel, with underlying net profit up 3.4%. However, with an exceptional loss primarily from handset subsidy costs & staff restructuring costs compared to an exceptional gain in the corresponding period, net profit declined by 2.8%.