Indosat profit slightly down
The second largest telecommunication provider PT Indosat Tbk recorded slightly reduced profit at Rp1.62 trillion last year against Rp1.63 trillion in 2004. In US dollar term, Indosat's net profit actually slowed down 5 .7 percent to US$165 million from US$175 million.
Indosat's revenue increased 11 percent from Rp10.43 trillion to Rp11.589 trillion, mainly due to significant increase in cellular segment of 17.7 percent amid the competition and consumer cut their communication expenses.
While the company's operating expenses grew by 9.7 percent last year, Indosat's operating income improved by 14 percent in rupiah. The company's financing cost increased significantly last year by 20 percent.
So with lower profit, is it a sign that Indonesian cellular market has been off the peak? Where Indosat would go with the new players increasingly aggresive to bite the market?
Indosat's revenue increased 11 percent from Rp10.43 trillion to Rp11.589 trillion, mainly due to significant increase in cellular segment of 17.7 percent amid the competition and consumer cut their communication expenses.
While the company's operating expenses grew by 9.7 percent last year, Indosat's operating income improved by 14 percent in rupiah. The company's financing cost increased significantly last year by 20 percent.
So with lower profit, is it a sign that Indonesian cellular market has been off the peak? Where Indosat would go with the new players increasingly aggresive to bite the market?
Labels: Indosat
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posted by yosef at 8:15 AM
1 Comments:
You're right and thank you so much to fix the significant error. I wrongly picked the data from the income statement. I re-wrote the article already.
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