Indosat Earns Rp 5.6 Trillion Profit in the First Half of 2021

Suara.com – Indosat Ooredoo announced the company’s net profit of 5.6 trillion in the first half of 2021, a significant increase of Rp. 5.94 trillion from the same period in 2020.

Indosat Ooredoo’s total revenue during the first semester of 2021 reached Rp 14.98 trillion, an increase of 11.4 percent from the first half of 2020, amid the ongoing COVID-19 pandemic.

“The company has consistently recorded strong financial performance through execution focused on its transformation strategy. In the first half of this year, the company managed to achieve solid top-line growth, continuing the trend of revenue growth that has consistently outperformed the industry,” said Director & Chief Operating Officer (COO) Indosat Ooredoo Vikram Sinha to the media virtually in Jakarta, Thursday (29/7/2021).

It said cellular revenue rose 11.3 percent from the same period last year to Rp 12.4 trillion. Business with enterprise (B2B) is also showing strong performance, with emerging opportunities including IoT, IT Services, Cloud, and Security, helping to deliver 16.5 percent revenue growth from the same period last year, to IDR 2.65 trillion.

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Meanwhile, EBITDA (company income excluding interest, taxes, depreciation and amortization) increased by 24.8 percent, reaching Rp 6.78 trillion.

This is the highest first-half EBITDA in the last three years. This was due to a combination of top line growth and cost efficiency which contributed to a 4.8 percent growth in EBITDA margin reaching 45.2 percent in the first half of 2021.

“The company also recorded a net profit of IDR 5.6 trillion, a significant increase of IDR 5.94 trillion compared to the first half of 2020,” he said.

Director & Chief Financial Officer (CFO) Indosat Ooredoo Eyas Assaf said the company also recorded 60.3 million satisfied and loyal customers in the first semester of 2021, an increase of 5.3 percent. 4G data subscribers grew to 40 million, up by 29.5 percent.

Average revenue per user (ARPU) increased by 8.2 percent to IDR 34,000, mainly driven by strong growth in data traffic which rose 40.2 percent, helping to deliver 19 percent growth in 4G data revenue.

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In the second quarter of 2021 Indosat Ooredoo announced the launch of its first commercial 5G service in the city of Solo. 5G services are the next step in bringing world-class digital experiences to people in Indonesia.

In response to the continuing impact of the COVID-19 pandemic on the Indonesian people, the company is also partnering with the Government of Indonesia to provide free internet data quotas for students and deploy additional networks in strategic places, such as hospitals, to ensure their digital communication needs are met. [Antara]