JAKARTA (Yosefardi) – Tower operator PT Tower Bersama Infrastructure Tbk (TBIG) booked net profit of Rp598 billion in the first half of 2015, declined 14.2% from Rp697 billion in the corresponding period of 2014.
Revenue fell 5.75% to Rp1.67 trillion from previous Rp1.58 trillion. Operating profit rose 8.7% to Rp1.31 trillion from earlier Rp1.2 trillion.
But other expenses jumped 54% to Rp702 billion from Rp455.5 billion in the first half of 2014. Financial expenses rose 34.3% to Rp657 billion from Rp489.4 billion a previous year.
TBIG’s assets reached Rp23 trillion while liability amounted Rp18.85 trillion. It has cash and cash equivalent of Rp322.5 billion. (rully@yosefardi.biz)