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Oct. 28 (Bloomberg) -- PT Telekomunikasi Indonesia’s net income in the nine months through September fell 6.7 percent from a year earlier after the nation’s biggest telephone company paid workers to retire early.
Net income in the nine months through September declined to 8.3 trillion rupiah ($940 million) from 8.9 trillion rupiah a year earlier, President Director Rinaldi Firmansyah said in a statement in Jakarta today. Nine-month sales gained to 53.05 trillion rupiah from 51.31 trillion rupiah, Firmansyah said. The number of subscribers at mobile-phone unit PT Telekomunikasi Selular rose to 104.1 million from 93.1 million, he said.
Telkom, as the Bandung, West-Java based company is known, spent 956 billion of non-recurring costs, of which 692 billion rupiah was for an early-retirement program, Firmansyah said.
--With assistance from Berni Moestafa in Jakarta. Editor: Greg Ahlstrand
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