Mar 24, 2011

Tower Bersama FY10 earning up 35%

Telecommunication tower provider PT Tower Bersama Infrastructure Tbk (TBIG) today reported a 35.76% jump in net income last year as a result of soaring revenue.
In an official financial statement published today, Tower Bersama, controlled by Indonesian private equity Saratoga Capital, posted IDR326.73 billion last year from IDR240.66 billion in the previous year.
Income from operation also skyrocketed 95.52% to IDR486.29 billion from IDR248.71 billion. However, the company's operating margin slightly lowered to 72.43% from 72.85%.
With 72.43% operating margin, the newly listed Tower Bersama is one of the most profitable publicly listed companies at Indonesia Stock Exchange.
A 76.37% increase in operating expenses haven't eroded Tower Bersama's gross profit which made a 92.35% surge to IDR573.16 billion from IDR297.97 billion.
Tower Bersama posted a 96.66% rise in revenue to IDR671.36 billion from IDR341.38 billion. However, the growth of cost of goods revenue was 126.19%, higher than the revenue growth.

Disclosure: No position at the stock mentioned above.

Print This Article

No comments: