Indonesia’s Smartfren fails to staunch losses in 9M15

2 Nov 2015

Indonesian mobile operator SmartFren Telecom (Smartfren) booked a net loss of IDR1.341 trillion (USD97.625 million) in the nine months ended 30 September 2015, widened 42% from the IDR942.657 billion deficit recorded in the corresponding year-earlier period. In a filing to the Indonesia Stock Exchange (BEI), the operator said that its inability to continue last year’s double-digit revenue growth had weighed heavily on its bottom line. The publicly listed telco booked turnover of IDR2.274 trillion in the January-September 2015 period, up 3.8% when compared to the IDR2.191 trillion figure it reported in 9M14. Of the total, IDR1.843 trillion was derived from data services, IDR217.618 billion from voice call services and IDR107.844 billion from SMS messaging. Operating costs, however, climbed to IDR3.057 trillion in the period under review, up from IDR2.914 trillion a year ago, and served to push operating losses higher to IDR783.094 billion from IDR723.521 billion.

Indonesia, Smart Telecom (Smartfren)