Bakrie Telecom is in red still

PT Bakrie Telecom Tbk, telecommunication subsidiary of PT Bakrie & Brothers Tbk, booked net loss of Rp144.32 billion (around US$16 million) for 2005 financial year.

While the losses significantly dropped from Rp297.97 billion (around US$29 million) in 2004, the company's operating loss increased significantly from Rp67.52 billion to Rp99.94 billion last year.

The company managed to boost its revenue from Rp275bn to Rp369bn, a 34% growth. But the company's operating expenses jumped significantly from Rp229bn to Rp343bn as the company was struggling to expand the market share. PT Bakrie Telecom Tbk is known in the market for its Esia brand.

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