JAKARTA (Yosefardi) – PT Solusi Tunas Pratama Tbk (SUPR), telecommunication tower provider, posted net profit of Rp42.8 billion in first quarter (Q1) of this year, declined 17.4% from Rp51.8 billion in the same period of last year. Earning per share (EPS) was Rp53.89.
Revenue jumped 51% to Rp245.06 billion from previous Rp162.66 billion. Cost of revenue increased 31.5% to Rp47.84 billion. Operating expenses also rose 50% to Rp22.52 billion.
Its assets totaled Rp6.42 trillion while liability amounted Rp4.13 trillion. It has cash and cash equivalent of Rp400.07 billion.