Tiphone Mobile Indonesia ($TELE) posted Rp370.4bn (US$26.4m) net profit, (+)19% YoY, and 98% of consensus. The company booked Rp22tn (US$1.7bn) revenue in FY15, (+) 51% YoY, 110% of consensus. The company booked Rp776bn operating profit, (+)43.5% YoY.
Samsung Electronics Indonesia plans to launch 4G smartphone below Rp1m (US$71). Samsung Indonesia marketing director, Vebbyna Kaunang said that the company is following government’s request for vendors, such as preparing local content (TKDN) by 30% and make cheaper version of 4G smartphone.