Jul 20, 2010

Trikomsel gets US$10 mio loan from Citi

Mobile cellular distributor PT Trikomsel Oke Tbk today announces a signing of loan facility worth US$10 million with Citi Indonesia.
In a public statement submitted to Indonesia Stock Exchange (IDX) today, Trikomsel will use the facility to underpin expansion. Previously, Trikomsel had sealed loan facility worth US$15 million from Citi.
Citi joined banks' syndicated which provided loan facility of Rp500 billion and US$25 million to Trikomsel in 2008.
In the first quarter this year,  Trikomsel's revenue grew 19% to Rp1.28 trillion from a year before of Rp1.08 trillion. The company booked Rp142.04 billion of net profit in 1Q 2010.

Disclosure: No position at the stock mentioned above.

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