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Indonesia's Telkom says H1 net profit down 5 pct

Thu Jul 31, 2008 3:01am EDT

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JAKARTA, July 31 (Reuters) - PT Telekomunikasi Indonesia Tbk (TLKM.JK), Indonesia's largest telecommunications firm, reported a 4.9 percent fall in first-half net profit on Thursday, despite strong growth in mobile phone subscribers.

State-controlled Telkom, Indonesia's biggest listed firm with a market value of $17.5 billion, said its January-June net profit fell to 6.3 trillion rupiah ($690.9 million) from 6.6 trillion a year ago, missing analyst forecasts of about 6.7 trillion rupiah.

Revenue rose 5.9 percent to 30.18 trillion rupiah, driven by growth in its cellular phone unit, PT Telekomunikasi Seluler (Telkomsel). ($1=9,118 rupiah) (Reporting by Muhamad Al Azhari, Writing by Harry Suhartono, editing by Ed Davies)



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