Indosat Ooredoo Hutchison Distributes IDR 2 Trillion Dividend

Indosat Ooredoo Hutchison (Photo: ist)

JAKARTA - Indosat Ooredoo Hutchison (IOH) distributed a total dividend of IDR 6.9 trillion. This dividend distribution is the use of the company's entire net profit for the financial year ending on December 31, 2021, amounting to IDR 6.75 trillion. Meanwhile, some of the retained earnings that have not been reserved until December 31, 2021, amounting to IDR 249.1 million are also distributed as cash dividends for the financial year ending December 31, 2021.

"IOH's positive performance is the result of continuous support from customers and all IOH stakeholders," said Vikram Sinha, President Director and CEO of Indosat Ooredoo Hutchison in a written statement, Saturday, August 20.

Vikram added, IOH also managed to maintain a positive performance in the first semester of 2022. IOH's total revenue increased by 7.2 percent QoQ to IDR 11,654 billion in the second quarter of 2022, or increased 50.3 percent yoy to IDR 22,527 billion in the first semester of 2022. The cellular revenue rose 8.3 percent QoQ to Rp10.159 billion in the second quarter of 2022.

EBITDA in the second quarter of 2022 also increased 9.5 percent QoQ to Rp4,798 billion, or increased 35.4 percent yoy to Rp9,178 billion in the first half of 2022. EBITDA margin also rose 0.9bps QoQ to 41.2 percent in the second quarter of 2022, while the EBITDA margin of the first semester of 2022 is 40.7 percent.

Vikram said, since officially operating on January 4, 2022, IOH has played an important role in supporting the Indonesian government's agenda. To support the digital economy, IOH provides capital assistance for MSME actors and fishing communities in Mandalika through digital loan platforms UCan and Bima Kredit.

Meanwhile, to improve customer experience, IOH continues to accelerate network integration with MOCN technology and increase capacity so that IM3 and Tri customers experience better network quality. IOH also provides a global standard hyperscale data center, BDx Indonesia. In addition, IOH has also become an official 5G partner at the international Jakarta E-Prix and is expanding 5G services in Bali to support Indonesia's G20 Presidency and the economic recovery of the Balinese people.

The launch of the marine conservation program in Jembrana, Bali, is also a form of IOH's support for government initiatives to conserve the environment and empower local communities.

"We will continue to focus on accelerating the integration process in realizing our mission to deliver a world-class digital experience, connecting and empowering the Indonesian people," concluded Vikram.