Indosat reports 139% increase in 1Q10 net income

23 Apr 2010

Indonesia’s second largest telecoms operator by subscribers, PT Indosat, has reported a 139.2% year-on-year increase in net profit for the first quarter of 2010 to IDR289.5 bilion (USD32 million). According to Indosat president Harry Sasongko, the sharp rise in profit was aided by a 2.5% rise in operating income from IDR4.62 trillion to IDR4.73 trillion, in a period in which it boosted its user base by 17.6% to 39.1 million.

Indonesia, Indosat Ooredoo Hutchison (IOH)