The Indonesia Stock Exchange (IDX) re-opened the stock trading of PT Telefast Indonesia Tbk (TFAS) on the regular market and the cash market starting the trading session I, Tuesday (23/2).

"The suspension of TFAS shares has been lifted," said Head of the IDX Transaction Supervision Division, Lidia M. Panjaitan, in a statement, on Tuesday (23/2).

In the period ending September 2020, Telefast recorded a decline in about 8% (YoY) to Rp485 billion from Rp527 billion due to the weakening of the telecommunications product segment PSBB due to the Covid-19 pandemic.

The company's total assets also shrunk by around 6% to Rp216 billion from Rp230 billion in the corresponding period in 2019. But the company managed to reduce its liabilities by 31% to Rp53 billion from Rp77 billion.