Aug 25, 2010

Indosat spends Rp3.06 trillion capex

Indonesia's second largest cellular operator PT Indosat Tbk (ISAT) has spent Rp3.06 trillion capital expenditure (capex) during the first half of this year. The capex has shrank 56.3% from a year earlier.
In investor memo, Indosat said about 80% of the capex has been spent for cellular business, while fixed line, fixed data, infrastructure and information technology business took the remaining. 
As of June 2010, Indosat’s net income slumped 71.5% from Rp1 trillion during the first semester 2009 to Rp287.1 billion mainly due to the increase of financing costs, spurred by the rise of Indosat’s debt and lower foreign exchange earnings.
Indosat’s revenue rose 5.8% from Rp9.14 trillion to Rp9.66 trillion during the first semester this year.
But, operating profit fell 15.9% from Rp1.92 trillion to Rp1.61 trillion.  

Disclosure: No position at the stock mentioned above.

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