Indosat 9M net income up 87%

1 Nov 2011

Indonesian telecoms operator PT Indosat has reported a strong rise in net profits for the first nine months of this year, thanks in part to a reduction in operating expenses. The telco’s CEO Harry Sasongko told reporters that his company booked net income of IDR992 billion (USD113 million) in January-September, while revenue climbed to IDR15.36 trillion from IDR14.84 trillion in the same period a year ago. Sasongko attributed the sharp rise in profits partly to a year-on-year fall in expenses to IDR850.2 billion, from IDR1.67 trillion in 9M10. At the end of September Indosat counted 51.5 million mobile subscribers, up 30% from 39.7 million a year ago.

Indonesia, Indosat Ooredoo Hutchison (IOH)