Mar 6, 2012

Tower Bersama FY11 net profit up 45%

Telecommunication tower provider PT Tower Bersama Infrastructure Tbk (TBIG) today reported a 45.18% increase in net profit last year on the back of strong growth of revenue.
Tower Bersama posted Rp474.36 billion net profit or Rp104,1 per share in 2011 from Rp326.73 billion or Rp83.8 a share in 2010.
Operating profit rose 45.49% to Rp707.49 billion from Rp486.29 billion, sending a steady margin at 72%. Gross profit also increased 44.25% to Rp826.76 billion from Rp573.16 billion.
Tower Bersama booked a 44.49% increase in revenue to Rp970.03 billion from Rp671.36 billion. Net cash from operating activities rose to Rp631.32 billion from Rp346.82 billion.
Disclosure: No position at the stock mentioned above.  

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