Indosat's 9M08 net income up 1.9%, but Q3 profit falls sharply

21 Oct 2008

Indonesia’s second largest fixed line and mobile operator Indosat today reported a 1.9% year-on-year rise in its nine-month net income to IDR1.47 trillion (USD149.8 million). Reuters reports a company filing which shows the firm’s revenues in the period under review increased by 14.9% on 9M07 to IDR13.65 trillion driven by strong demand for the operator’s internet and data services. On a less positive note, the operator posted a 30.5% fall in its third-quarter net profit on higher operating expenses and declining ARPU from mobile users. According to Reuters’ calculations, Indosat’s net profit dropped to IDR417 billion in the three months to 30 September, compared with IDR600 billion in 3Q07.

Indonesia, Indosat Ooredoo (incl. IM2)