REPUBLIKA.CO.ID, JAKARTA -- Telecommunications tower builder and operator PT Tower Bersama (TBIG) recorded net profit of 916.45 billion IDR in third quarter of the year. This value increased 65.09 percent compared to same period in the last year.
Company's financial report in Indonesia Stock Exchange (IDX) showed that profit growth was driven by revenue growth of 71.9 percent or 1.9 trillion IDR in September 2013. Operating profit reached 1.49 trillion IDR or grew 74.6 percent.
TBIG also recorded interest income growth of 10.5 percent or 11.2 billion IDR as result of IDR weakening. However, company experienced high losses in foreign exchange about 1,421.72 percent, from 51.14 billion IDR to 778.33 billion IDR.
Total bank loans of TBIG reached 11.62 trillion IDR and total senior loans worth 8.3 trillion IDR per September 30, 2013. This loan includes USD loans that have been hedged.
TBIG has 16,017 rented towers and 9,830 telecommunication sites per September 30, 2013. Company's owned telecommunication sites consists of 8,446 units of telecommunication towers, 1,040 units of shelters and 344 units of watershed networks.
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