Indonesia's Telkom sees '08 profit rising 11-12 pct

Wed Mar 12, 2008 11:21pm EDT
 
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JAKARTA, March 13 (Reuters) - Indonesia's largest Telecommunication company, PT Telekomunikasi Indonesia Tbk TLKM.JK, said on Thursday its 2008 net profit is expected to rise by 11-12 percent.

However, Chief Financial Officer Sudiro Asno told Reuters that the firm's revenue growth might slow down to 14-15 percent in 2008 from between 16-17 percent last year as competition in the sector intensifies.

He did specify a 2007 net profit figure but said it rose by double digits from 2006.

(Reporting by Nury Sybli, Writing by Harry Suhartono)

 

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