Summary of the Key Points in the Report:
Report Date and Period:
- The report is dated June 30, 2024, covering the six-month period ending on that date.
Financial Performance:
- Revenue: The company reported a total revenue of IDR 6.15 trillion for the six months ending June 30, 2024, up from IDR 5.78 trillion in the previous year’s corresponding period.
- Net Profit: The company achieved a net profit of IDR 1.63 trillion, an increase compared to the previous year’s IDR 1.52 trillion.
- Earnings per Share: The earnings per share for the period were IDR 485, up from IDR 446 in the previous period.
Dividends:
- The report indicates a dividend payable amounting to IDR 906.36 billion (referenced as “utang dividen”). This suggests that the company is issuing dividends to shareholders for this period.
Balance Sheet Highlights:
- Total Assets: IDR 72.59 trillion as of June 30, 2024.
- Total Liabilities: IDR 55.38 trillion, with current liabilities making up IDR 20.33 trillion.
- Total Equity: IDR 17.21 trillion, including both equity attributable to the parent entity and non-controlling interests.
- Cash and Cash Equivalents: The company holds IDR 2.4 trillion in cash and cash equivalents, showing an increase in liquidity.
Cash Flow:
- Operating Activities: The company generated a net cash inflow of IDR 5.17 trillion from operating activities.
- Investing Activities: The company used IDR 2.49 trillion in investing activities, primarily for fixed asset purchases.
- Financing Activities: A net cash outflow of IDR 789.84 billion, including proceeds and payments of bank loans, payment of dividends, and other financing activities.
Key Areas of Focus for Investors:
- Revenue Recognition: The report emphasizes revenue recognition, mainly from the lease income of telecommunication towers and network services. This is an essential performance measure for the company.
- Debt Levels: The company has both short-term and long-term bank loans totaling over IDR 41 trillion, which investors should monitor for potential impacts on profitability and cash flow.
- Dividend Policy: With dividend payments being made, the company is committed to returning value to shareholders, indicating a strong financial standing.
Special Activities or Profitability Measures:
- The company did not explicitly mention any special activities or actions to improve profitability within the period covered in this report.
Investor Recommendations:
- For Current Shareholders:
- Hold: The company is showing solid revenue growth and consistent profitability. The payment of dividends indicates a commitment to shareholder returns, making it a sound investment to retain in the portfolio.
- For Prospective Investors:
- Buy: The company’s steady growth, revenue stream from long-term leases, and dividend distribution present a compelling case for investment. However, the high levels of debt should be monitored closely.
Disclaimer:
The recommendations are based solely on the information provided in the company’s financial report as of June 30, 2024. Investors are advised to conduct further research and consult financial advisors before making any investment decisions.
