Jun 2, 2011

Bakrie Telecom suffers Rp41 bio net loss

PT Bakrie Telecom Tbk, a CDMA-based cellular operator, suffered a Rp41.13 billion net loss in the first quarter of this year as a result of higher operating expenses.
The operator's net profit in 1Q 2010 of Rp29.05 billion plunged 242.20% to net loss of Rp41.13 billion. Operating profit dived 87.36% to Rp12.96 billion from Rp102.55 billion. Operating expenses increased 16.35% to Rp704.98 billion from Rp605.91 billion.
Bakrie Telecom's revenue slightly increased 1.34% to Rp717.94 billion from Rp708.46 billion.  

Disclosure: No position at the stock mentioned above.  

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