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May 05, 2015 4:20 AM ET

Specialty Retail

Company Overview of PT Trikomsel Oke Tbk

Company Overview

PT Trikomsel Oke Tbk., together with its subsidiaries, distributes and sells cellular phones in Indonesia. It is also involved in trading multimedia devices, computers, accessories, and spare parts, as well as prepaid reload vouchers and post-paid phone cards. In addition, the company engages in the trade, distribution, and retail of electronics, and telecommunication equipment and parts. PT Trikomsel Oke Tbk. was founded in 1996 and is based in Jakarta, Indonesia.

Equity Tower

30th Floor, Lot 9

Jalan Jenderal Sudirman Kav. 52-53

Sudirman Central Business District

Jakarta,  12190

Indonesia

Founded in 1996

1,047 Employees

Phone:

62 21 290 35200

Fax:

62 21 290 35222

Key Executives for PT Trikomsel Oke Tbk

PT Trikomsel Oke Tbk does not have any Key Executives recorded.

PT Trikomsel Oke Tbk Key Developments

Trikomsel to Expand Retail Network to 6,000 Stores

Trikomsel Oke plans to expand its operations to second- and third-tier cities through a partnership with local phone distributor SMC Group. The partnership will enlarge Trikomsel's market share through a total of 6,000 cellular retailers and help the firm expand its reach in the country's second- and third-tier cities.

SingPost eCommerce Pte. Ltd. Enters into Joint Venture Agreement with PT Trikomsel Oke Tbk

The board of directors of Singapore Post Limited announced that SingPost eCommerce Pte. Ltd. (‘SP eCommerce’), has on March 6, 2015 entered into a joint venture agreement (‘JVA’) with PT Trikomsel Oke Tbk. SP eCommerce and PT Trikomsel will (subject to the procurement of all requisite approvals) set up an Indonesian joint venture company ("JVC") for the importation and supply of goods to e-commerce and online retailers as well as providing technical know-how and support services for the establishment, implementation and operation of ecommerce platforms. SP eCommerce will, on completion of the JVA, subscribe for all of the Class B shares of the JVC, representing 33% of the JVC's issued share capital for USD 1,100,000 (or approximately SGD 1,515,360)1 while PT Trikomsel will subscribe for all of the Class A shares, representing 67% of the JVC's issued share capital. The investment will be funded through the company's internal resources. The partnership's strategic objective is to become the preferred go-to-market partner for brands and merchants looking to enter the growing Indonesian ecommerce market. It will do so by providing turn-key omni-channel ecommerce and logistics solutions that can be customized for leading global companies and Indonesia's best-known brands alike. This partnership will combine the strengths of Trikomsel's significant distribution network in Indonesia and SingPost's expertise in regional ecommerce and logistics operations to provide a full suite of end-to-end B2C ecommerce solutions to businesses and a seamless shopping experience for online consumers.

PT Trikomsel Oke Tbk Announces Unaudited Consolidated Earnings Results for the Nine Months Ended September 30, 2014

PT Trikomsel Oke Tbk announced unaudited consolidated earnings results for the nine months ended September 30, 2014. For the nine months, the company reported net revenues were IDR 8,098,655,990,102 compared to IDR 7,362,152,802,024 for the same period a year ago. Income from operations was IDR 687,968,229,626 compared to IDR 753,565,082,787 for the same period a year ago. Income before income tax expense was IDR 322,103,485,914 compared to IDR 538,283,917,139 for the same period a year ago. Income for the period was IDR 205,503,357,885 compared to IDR 388,410,895,694 for the same period a year ago. Total comprehensive income for the period - net of tax was IDR 207,654,226,903 compared to IDR 401,970,350,541 for the same period a year ago. Income for the period attributable to owners of the parent company was IDR 196,239,756,803 compared to IDR 378,730,702,716 for the same period a year ago. Diluted earnings per share attributable to owners of the parent company was IDR 37 compared to IDR 76 for the same period a year ago. Net cash used in operating activities was IDR 256,110,328,906 compared to IDR 1,124,652,309,216 for the same period a year ago. Acquisitions of fixed assets was IDR 41,726,341,401 compared to IDR 18,219,557,360 for the same period a year ago.

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