Indonesia’s Indosat Ooredoo has published the key highlights and unaudited operational results for the six months ended 30 June 2020, reporting a 9.4% increase in year-on-year revenue to IDR13.45 trillion (USD917.8 million), up from IDR12.29 trillion last year. EBITDA in the first half of this year stood at IDR5.43 trillion, up 22.5%% from IDR4.43 trillion in 6M19; EBITDA margin was 40.4%, up 4.3pp year-on-year. However, six-month net losses attributable to shareholders widened 2.8% on an annualised basis to IDR341.1 billion from IDR331.9 billion due to a currency loss, although the operator noted that in the fiscal second quarter it booked net profit of IDR264.5 billion, following a loss of IDR605.6 billion in 1Q20. CAPEX in H1 2020 amounted to IDR3.26 trillion (excluding IDR1.60 trillion of Right of Use Assets), down 22.4% when compared to H1 2019. Approximately 85.8% of the CAPEX so far this year has been allocated to cellular to support data services demand and the remaining balance was allocated to MIDI, infrastructure and IT CAPEX.
Operationally speaking, the carrier closed out June 2020 with a total of 57.2 million mobile subscribers, up 0.9% compared to 56.7 million the previous year. Of the total, 55.7 million are pre-paid (2Q19: 55.1 million) and 1.5 million on monthly contracts (2Q19: 1.6 million). Blended monthly ARPU stood at IDR31,400 in 6M20, up 12.4% when compared to IDR27,900 in the year-ago period, as pre-paid ARPU edged up by 15.6% and post-paid fell 11.5%. Average minutes of use, meanwhile, fell 16.8% to 29.5, although mobile data traffic soared 60.8% to 2,216,632TB.