Dec 28, 2011

Smartfren 9M operating loss widens

CDMA-based operator PT Smartfren Telecom Tbk (FREN) suffered a Rp1.55 trillion operating loss in the first 9 months of this year (9M 2011), widening of 138.4% from Rp653.7 billion a year earlier.
In the 9 month financial statement filed to Indonesia Stock Exchange (IDX), the operating loss has made the operator suffered a widened net loss of 48% to Rp1.55 trillion from Rp1.05 trillion.  However, revenue jumped 136.6% to Rp688.9 billion from Rp290.8 billion.

Disclosure: No position at the stock mentioned above.

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