PT Tiphone Mobile Indonesia Tbk (TELE) posted a net profit of Rp 129.3 billion in the first half of 2013, an increase of 63% compared to the same period last year to Rp 79.5 billion. The profit increase was triggered by increased revenues of the Company which reached Rp 4.49 trillion, an increase of 36% over the same period last year of Rp 3.3 trillion.
Of the total revenues, approximately 84% was contributed sales of mobile voucher of Rp 3.79 trillion, up 27% compared to the same period last year to Rp 2.98 trillion.
While handset sales reached Rp 654.6 billion, which accounted for approximately 14% of total revenue. Contribution of this handset revenue jumped 125% over the same period last year which was only Rp 291.3 billion.
Tiphone Director Tan Pin Lie said the increase in revenues from handset sales this significant is the impact of the company’s focus on developing a smartphone outlet network in collaboration with global vendors, such as Samsung Mobile and LG Mobile.
“In the first quarter and second quarter of this year, the Company aggressively developing a distribution network for smartphone products in collaboration with several global vendors, such as Samsung and LG. Past June, we have also been designated as a national authorized dealer of LG Mobile.’s Contributed to
growth in revenue from the handset sector, “Tan said in a press release on Thursday (08/01/2013).
In the past year, sales of handsets only contributes about 10% of the revenues of the Company. This year, the Company plans to increase the revenue contribution of 30% of the handset.
In early July, the company completed the acquisition of an importer and distributor of iPhone, PT Mitra Telecommunications Cellular, thus Tiphone position as an importer and distributor that will distribute the product to Apple Premium Reseller and other retailers across Indonesia.
With this acquisition, the company hopes to increase sales of handsets, especially the iPhone and iPad for 5-10% of total revenue, or about 20-30% of total handset sales.
IPhone sales are also working in bundling with operator PT Telekomunikasi Cellular (Telkomsel). Previously, the company also has teamed up with Samsung Mobile, by establishing outlets Samsung Experiential Shop.