Link Net Reports 20% Growth in Revenues and 15% Growth in Net Profit
Jakarta, March 21 2016 - PT Link Net Tbk (“Link Net” or “the Company”; stock code: “LINK”) today reported the full year 2015 consolidated financial statement that has been audited with total revenues of Rp 2,564 billion, 20% increase from Rp 2,136 billion in 2014.
Broadband and cable TV RGUs at the end of 2015 climbed to 890 thousand, 18% higher than last year’s 755 thousand, while average revenue per subscriber (ARPU) was sustained at Rp 415 thousand. The Company added 240 thousand new homes passed across its 3 key areas, Greater Jakarta, Greater Surabaya and Bandung, and is now connected to a total of 1.67 million homes by the end of 2015. The Company also continued to expand its enterprise client base, on the back of its proven track record in delivering enterprise solutions with a high degree of reliability, for businesses of any size.
Despite its strong growth trajectory, Link Net maintained its healthy margins, with 2015 operating profit clocking in at Rp 935 billion, representing 36% of revenues, and net profit at Rp 640 billion, or 25% of revenues.
Commenting on the results, Roberto Feliciano, President Director, said, “Despite a challenging macro environment in 2015, the Company was able to deliver strong topline growth, take full advantage of further operating leverages and manages its costs well. This is a reflection of the opportunities that abound in a largely underpenetrated market, and the Company’s ability to stay focused on its premium target segment and differentiates itself with quality and innovative products and services. We are pleased to have seen growth across all our key deliverables. 2016 has started strong and we are looking forward to another year of sustainable, profitable growth, amidst gradually improving macroeconomic conditions”.
About PT Link Net Tbk
PT Link Net Tbk ("Link Net"), established in 1996, is the largest provider of services via cable in Indonesia, providing subscription of high quality television services, high-speed next generation broadband internet, and data communications. Link Net operates in Greater Jakarta, Greater Surabaya and Bandung. Link Net owns and operates a network of Hybrid Fiber Coaxial cable ("HFC") that provides high-speed internet access services to retail and business customers. Link Net also operates a subscription television channel in collaboration with PT First Media Television (“FMTV”).
Learn more at www.ir.linknet.co.id
For further information, please contact:
Investor Relations Director
PT Link Net Tbk
Tel: +62 21 5577 7755 (extension 11123)