Indosat first-half financial stable, but subscribers down

20 Aug 2009

Indonesia’s second largest mobile operator by users, PT Indosat, yesterday reported its unaudited results for the six months ended 30 June 2009, showing a steady financial performance despite a dip in its overall subscriber base. The operator, which is majority controlled by Qtel, posted a first-half net profit of IDR1.01 trillion (USD101.4 million), compared with IDR1.06 trillion in the same period a year ago. Operating revenue climbed to IDR8.92 trillion in 1H09, from IDR8.83 trillion in the January-June period a year earlier. However, the operator’s overall mobile base fell to 28.9 million as at 30 June, down 10.9% from a year ago.

Indonesia, Indosat Ooredoo (incl. IM2)