Apr 28, 2011

Trikomsel 1Q net income jumps 95.8%

Cellular products distributor PT Trikomsel Tbk (TRIO) reported a 95.8% jump in net income in the first quarter of this year on the back of higher net revenue.
Trikomsel booked Rp56.05 billion net income or Rp13 per share in 1Q 2011 from Rp28.62 billion or Rp6 per share..
"The net income growth was because net revenue increase as well as higher gross margin," Trikomsel Director Juliana Samudro said in a press statement today.
Operating profit increased  67.2% to Rp107.15 billion from Rp66.19 billion. Trikomsel's EBITDA rose 67.6% to Rp106.24 billion from Rp63.02 billion. Gross profit grew to Rp184.73 billion from Rp142.04 billion. Net revenue increase 14.84% to Rp1.47 trillion from Rp1.28 trillion.
The largest contributor to net revenue was sales of mobile phone of 83.8%, operators' product of 13.6%, and mobile content of 2.6%.
PT Delta Sarana Pradana controls 62.31% shareholding in Trikomsel, Canopys Finance Limited owns 25% stake, Kindarto Kohar holds 1.35%,  Sugiono Wiyono Sugialam owns 1.29%, and public holders 10.05%.

Disclosure: No position at the stock mentioned above.  

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