Cellular ops aid Indosat’s profits

31 Aug 2004

1.39 million new cellular subscribers in the first half of the 2004 helped Indosat report a net profit of USD77 million in the six months to 30 June, a 78.5% growth year-on-year. Sales rose by 30.7% to USD361.7 million, 66% of which was generated by its wireless operations. At the end of June Indosat had 7.35 million cellular customers.