Indosat profit up 80%<\/p>\n
Telecommunications company PT Indosat announced on Monday a
\nnearly 80 percent increase in its first semester net profit
\ncompared to the same period last year thanks to strong revenue
\ngrowth in its cellular division.<\/p>\n
The publicly listed company said that net profit jumped to Rp
\n717.60 billion (US$78 million) compared to Rp 402.10 billion
\npreviously as revenue from the cellular division surged by 51
\npercent.<\/p>\n
From January to June, Indosat expanded the number of its
\ncellular service subscribers to 7.35 million, or a 70.5 percent
\nincrease compared to the same period last year, boosting revenue
\nto Rp 3.37 trillion from Rp 2.23 trillion.<\/p>\n
The jump in profit was also contributed to by a 17.8 percent
\nincrease in the multimedia, data communication and internet
\ndivisions. However, the first semester saw a 4.2 percent drop in
\nthe international call division, and a 29.3 percent dip in other
\ndivisions.<\/p>\n
In anticipating increased cellular service demand in the first
\nsemester, Indosat launched various marketing and promotion
\nprograms for Matrix-9 (no roaming or subscriber fees for post-
\npaid services), and holiday packages for Mentari and IM3, and
\nlaunched its fixed wireless access \"Star One\" service.<\/p>\n
Indosat, which is 41.94 percent owned by Singapore-based
\nTemasek Holdings via ST Telemedia, also plans to allocate up to
\n$700 million for capital investment this year, 80 percent of
\nwhich will be allocated to its cellular business. -- JP<\/p>",
"url": "https:\/\/jawawa.id\/newsitem\/indosat-profit-up-80-1447893297",
"image": ""
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"sponsor": "Okusi Associates",
"sponsor_url": "https:\/\/okusiassociates.com"
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