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Technology Stocks : INDONESIA'S PT TELECOM(TLK) -- Ignore unavailable to you. Want to Upgrade?

To: tom who wrote (458)	3/23/1998 9:55:00 AM
From: Bill Edwards	Read Replies (1) \| Respond to of 947

Indonesia's Telkom Reports 23% Lower Profits JAKATA, INDONESIA, 1998 MAR 17 (NB) -- By Martyn Williams, Newsbytes. PT Telekomunikasi Indonesia (Telkom) [JAK:TLKM] [NYSE:TLK] has announced its full year financial results for 1997. The national carrier said foreign exchange losses pushed net profits down 23.4 rupiah ($112.1 million). The 23.4 percent drop in net profits was attributed to foreign exchange losses of 948 billion rupiah ($92.3 million). During 1997, the rupiah lost 49 percent of its value percent on the year despite a 16.4 percent jump in operating revenues. The company reported revenues climbed 16.4 percent to 5,909.03 billion rupiah ($575.1 million) and net profits 1,152.10 billion against the US dollar. Exchange rate: $1 = 10,275 rupiah Thanks for that previous post, I follow this thread for informative news. The item above maybe old news but I only discovered it today. I'm actively trying to keep tabs on the company believe or not. Lets hope other people will post informative items.