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Bakrie Telecom 1H net profit plunges by 96%
Source :Wirelessfederation update : 2010-09-02
Indonesia's second-biggest CDMA telecommunications operator PT Bakrie Telecom revealed its first half net profit dropped 96% to US$300,000 compared to last financial year.
Bakrie Telecom saw 95% shoot in its financing costs in the first half after it issue US$250 million worth of global bonds in the second quarter.
According to the company, its revenue increased 3.1% in the period compared to a year earlier, partly due to an increase in the number of subscribers.
The number of subscribers jumped to 25% to 11.1 million as of June 30 from 8.9 million a year ago.
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