PT Sarana Menara Nusantara Tbk. reported earnings results for the first quarter ended March 31, 2024. For the first quarter, the company reported sales was IDR 3,046,600 million compared to IDR 2,864,700 million a year ago.
Net income was IDR 797,400 million compared to IDR 752,400 million a year ago.
PT Sarana Menara Nusantara Tbk is an Indonesia-based company, which invest in companies engaged in operating telecommunication tower locations for lease to wireless communication companies. The scope of the Companyâs activities involves management consultation activities, holding company activities and central telecommunication construction. Its segments include Tower rental and Other services. Its business activities are conducted primarily through PT Profesional Telekomunikasi Indonesia (Protelindo). Protelindoâs primary business is space on its multi-tenant tower sites to wireless operators in Indonesia pursuant to long-term lease agreements. The leased space consists of vertical space on the tower, on which its customers can install both radio frequency antennas and microwave antennas, as well as ground space at each site for shelters and cabinets for electronic equipment and power supplies storages. Protelindo operates independently from the wireless communication operators.
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