Indosat 9M net income up 56% on higher revenues

22 Nov 2007

Indonesia’s second largest telecoms company by subscribers and revenues, PT Indosat, reported a 56% year-on-year rise in net profits for the first nine months of the year to IDR1.45 trillion (USD154.5 million). The group’s financial performance was driven by a strong rise in revenues to IDR11.88 trillion, with Indosat’s mobile arm Satelindo responsible for a 38% y-o-y rise in 9M sales to IDR9.15 trillion. Consolidated operating profit for the first nine months of the year reached IDR3.20 trillion, 31% higher than in the corresponding period a year ago.

Indonesia, Indosat Ooredoo (incl. IM2)