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Insight
May-19, FY19 operating revenue remained flat at $17.4b attributed to strong growth in Infocomm Technology (ICT), digital services and higher equipment sales from mobile connections across Singapore and Australia. Exceptional gain decreased by $1.8b to $68.2m with the absence of $2b divestment gain from NetLink Trust (NLT). Contributions from associates and JVs fell 13.4% to $1.6b due to losses from Airtel, lower contributions from Telkomsel, erosion of carriage services, lower NLT contributions with the reduced stake as well as currency headwinds. Consequently, net profit declined 43.5% to $3.1b.
Feb-19, 9M19 operating revenue remained flat at $13b. Shared profit of associates and JVs fell 17.7% to $1.9b due to lower profit contributions from Airtel and Telkomsel as a result of intense competition. With the absence of divestment gain of NetLink Trust, net profit were halved to $2.3b.
