Dec 1, 2010

Mobile-8 9M net loss widens 138%

CDMA-based telephone operator PT Mobile-8 Telecom Tbk (FREN) posted Rp1.05 trillion net loss, a 138.20% widen from Rp439.95 billion a year earlier.
In the financial statement submitted to Indonesia Stock Exchange (IDX) today, the widened loss was mainly spurred by a 1,500% surge on net other charges to Rp367.54 billion from Rp22.97 billion.
Mobile-8's operating loss widened 17.34% to Rp653.78 billion from Rp557.19 billion a year earlier.
Operating expenses slightly rose 0.49% to Rp944.63 billion from Rp939.98 billion. The operator booked a 24.02% drop in revenue to Rp290.85 billion from Rp382.79 billion. 

Disclosure: No position at the stock mentioned above. 

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