JAKARTA (Yosefardi) – Tower operator PT Sarana Menara Nusantara Tbk (TOWR) booked net profit of Rp889.7 billion in first nine months of 2014, jumped more than sevenfold compared to Rp106 billion in the same period of 2013.
It recorded foreign exchange (forex) gain of Rp69 billion for the period. While in the same period of last year, it recorded forex loss of Rp684 billion.
Meanwhile revenue grew by 33.48% to Rp3.07 trillion from previous Rp2.29 trillion. Revenue from PT Hutchison 3 Indonesia reached Rp1.16 trillion or 38% of total revenue. In the same period of 2013, Hutchison contributed revenue of Rp817 billion.
While revenue from XL Axiata and Telkomsel reached Rp620 billion and Rp574 billion respectively.
TOWR’s assets totaled Rp17.27 trillion and liability amounted Rp12.76 trillion. It has cash and cash equivalent of Rp2.4 trillion.