INDONESIA'S INDOSAT POSTS SMALLER PROFIT FOR FIRST 9 MONTHS

The net profit of Indonesia's second largest telecommunications company PT Indosat (JSX:ISAT) shrank 1.6 per cent year-on-year to Rp1.45 trillion (US$156 million) in the first nine months of this year.

The decline in net profit came with shrinking income to Rp12.41 trillion from Rp13.65 trillion in the same period, Harry Sasongko of the company, which is controlled by Qatar Telecom (Qtel), said.

Harry said a 4.9 per cent increase in operating cost to Rp10.82 trillion also contributed to the decline in net profit.

The number of its cellular phone subscribers fell 20 per cent to 28.7 million but income from the mobile phone division increased, Sasongko said.

(ANTARA) cg

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