Indosat Posts Net Profit of Rp681.9 Billion

 

Reuters A worker adjusts a Base Transceiver Station (BTS) on the building of PT Indosat in Jakarta May 7, 2010. 

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JAKARTA,  - PT Indosat posted a net profit of Rp681.9 billion in the first semester of 2011, up 137.5 percent from Rp287.1 billion in 2010, its president director said.
"The increase in the net profit was generated by the increase in the number of the company’s cellular customers from 37.8 million in the first semester of 2010 to 47.3 million in the first semester of 2011," PT Indosat President Director Harry Sasongko, said here on Monday.
Harry said that up to June 2011, the company booked an income of Rp10.05 trillion, up 4 percent compared with the figure in the corresponding period a year earlier which was Rp9.661 trillion. He said that by taking into account the voluntary separation scheme (VSS) burden in the first semester, the income before depreciation tax interest and amortization (Ebitda) reached Rp4.499 trillion, down 2.1 percent from the previous Rp4.59 trillion.
Thus, the firm posted an Ebitda margin amounting to 44.8 percent, down from 2.8 points from the previous 47.6 percent. The corporate business burden in the June 2011 period jumped up from Rp8.061 trillion to Rp8.713 trillion, so was the case of the business profit which was down 16.5 percent from Rp1.6 trillion to Rp1.337 trillion.
Harry said that of the total corporate income of Rp10.45 trillion, about Rp8.227 trillion came from the cellular business and Rp1.8 trillion from non-cellular phone services.