Indosat sales rise 11%, profit unchanged

24 Mar 2006

PT Indosat has reported a 2005 net profit of IDR1.62 trillion (USD1.79 billion), almost unchanged on the previous year. The company claims the figures disguise the fact that in 2004 it booked significant one-time gains from the sale of various businesses, meaning that in 2005 its performance was actually much improved. Sales for the year ended 31 December 2005 rose 11.1% to IDR11.58 trillion, while net operating profit rose 14% to IDR3.652 trillion. At the end of 2005 Indosat claimed a total of 14.51 million cellular customers, of which all but 676,407 were connected to pre-paid packages.

Indonesia, Indosat Ooredoo (incl. IM2)