Indosat FY10 earning plunges 56.8% - Insider Stories

Indonesia's second largest cellular operator PT Indosat Tbk (ISAT) suffered a steep plunge in earning last year of 56.8% on the back of net other charges surge of 143.8%.
In a press statement filed to Indonesia Stock Exchange (IDX) on Friday, Indosat reported Rp647.2 billion net income last year from Rp1.49 trillion in the previous year. Net other charges widened 143.8% to Rp2.39 trillion from Rp981 billion.

EBITDA slightly increased 9.7% to Rp9.63 trillion from Rp8.77 trillion. Indosat's operating profit slightly rose 4.6% to Rp16.32 trillion from Rp15.61 trillion.
Operating revenue grew 5.2% to Rp19.79 trillion from Rp18.82 trillion. Cellular business contributed Rp16.03 trillion revenue from Rp14.30 trillion, while non-cellular posted Rp3.77 trillion revenue, a 16.7% drop from Rp4.52 trillion.

Indosat spent Rp6.54 trillion capital expenditure, shrank 38.9% from Rp10.69 trillion.Cellular subscribers increased 34.3% to 44.3 million from 33 million subscribers, while cellular ARPU slightly drop 7.8% to Rp34,712 from Rp37,664. The operator added 1,755 units of new base transceiver stations (BTS) last year in a bid to support business expansion. Indosat also made early payment on several loan facilities such as Rp1.3 trillion facility to Bank Central Asia, Rp400 billion to DBS, and Rp900 billion to Bank Mandiri.

Indosat also paid US$234 million dollar denominated bonds and Rp640 billion rupiah denominated bonds and made early settlement on US$109 million bonds due in 2012.