JAKARTA -As industrial conditions remain battered by the COVID-19 pandemic, which continues to rage in Indonesia, PT Telkom Indonesia (Persero) Tbk (Telkom) managed to record a good performance by yielding positive income growth, with its EBITDA (Earning Before Interest, Tax, Depreciation, and Amortization) and net income recorded double-digit growth in 2020.
The Company recorded a consolidated revenue of IDR136.46 trillion, grew positively by 0.7% compared to 2019. The Company’s EBITDA in 2020 was recorded at IDR72.08 trillion with a net income of IDR20.80 trillion, or reached double digit growth of 11.2% and 11.5% year-on-year respectively. It indicated optimism that digitalization could become a driving force for the handling COVID-19 and national economic recovery.
Telkom President Director Ririek Adriansyah said 2020 was a very challenging year during which pandemic-induced changes had shifted people’s needs and lifestyles, with a significant increase of consumers adopting a digital lifestyle.
“The pandemic has accelerated digital transformation couple years faster and for Telkom, this is a valuable momentum for acceleration. In line with the company’s transformation into a digital telco, Telkom continues to actively support the government’s efforts in handling COVID-19 and recovering the national economy through connectivity, platforms and digital applications, as well as social assistance,” ririek said.
“We are committed continuing to provide ease for people who because of the pandemic have to carry out their activities digitally from home, including to work and study,” he added.