Indosat reports strong growth in 1H13 revenue on solid subscriber growth

31 Jul 2013

PT Indosat has published the key highlights of its unaudited operational and financial results for the six months ending 30 June 2013, reporting a 14.2% year-on-year rise in revenue to IDR11.708 trillion (USD1.140 billion) from IDR10.257 trillion in 1H12, on the back of strong subscriber growth. The carrier, which says it published the key highlights to coincide with indirect majority shareholder Ooredoo’s results and that as such, its own official results may differ slightly when released, reported first-half operating costs of IDR10.514 trillion, up 18.9% y-o-y, and operating profit of IDR1.194 trillion (-15.5%). EBIDTA improved however to IDR5.311 trillion from IDR4.847 trillion, although net losses widened to IDR231.2 billion from IDR180.5 billion in the first six months of 2012. CAPEX for the first half totalled IDR5.362 trillion, up 71.1% from the IDR3.134 trillion booked in 1H12. The company closed out June 2013 with total debt of IDR20.299 trillion, an improvement on the IDR25.796 trillion reported a year earlier.

Additionally, Indosat reported that fixed data (MIDI) revenue increased in 1H13, driven by strong growth in revenues from connectivity services such as MPLS, transponder, DPLC, IPLC and internet services, while fixed voice (fixed telecom) revenues increased owing to higher international direct dial (IDD) revenues as a result of a higher traffic, which was offset by lower fixed wireless access (FWA) revenue due to decreasing FWA customers.

On the operational front, Indosat increased its mobile subscriber base by 10.9% y-o-y to 56.5 million at end-June, and by 0.9% (600,000) on a quarter-on-quarter basis. Monthly blended ARPU increased to IDR26,900 from IDR25,600 in the corresponding period of 2012, although minutes of use (MOU) slipped 2.2% y-o-y to 93.7 minutes. The carrier said that total data traffic surged by 67.5% to 11,161TB and users sent a total of 136 million SMS messages, compared to 124 million in the first half of 2012. At 30 June 2013 Indosat presided over a network comprising 22,449 base transceiver stations (BTS), up from 21,039 previously, of which 17,668 were 2G BTS and 4,781 were 3G BTS – up from 16,898 and 4,141, respectively.

Indonesia, Indosat Ooredoo Hutchison (IOH)