Mobile-8 Telecom 2007 net profit up 45.4%
CDMA-based cellular operator PT Mobile-8 Telecom said Wednesday (5/3/08) its net profit last year rose 45.4% supported by stronger sales, Thomson Financial reported.
The company posted net profit of Rp50.35 billion for 2007 compared to 34.64 billion a year earlier.
Net sales surged 49.9% to Rp882.55 billion on an increase in its subscriber base to 3 million from 1.8 million.
The expansion in its subscriber base was primarily due to an increase in its base transceiver stations to more than 1,000 at the end of 2007 from 440 at the end of 2006.
Mobile-8 is 59.4% owned by PT Global Mediacom. Qualcomm Inc holds 5.0% and KT Freetel Co Ltd of South Korea owns 2%. The investing public holds the remainder of 33.6%.
The company posted net profit of Rp50.35 billion for 2007 compared to 34.64 billion a year earlier.
Net sales surged 49.9% to Rp882.55 billion on an increase in its subscriber base to 3 million from 1.8 million.
The expansion in its subscriber base was primarily due to an increase in its base transceiver stations to more than 1,000 at the end of 2007 from 440 at the end of 2006.
Mobile-8 is 59.4% owned by PT Global Mediacom. Qualcomm Inc holds 5.0% and KT Freetel Co Ltd of South Korea owns 2%. The investing public holds the remainder of 33.6%.