Earning IDR 1.9 Trillion, Indosat's Net Profit Drops 41.46 Percent In Semester I-2023

Indosat illustration (Photo: Doc. Antara)

JAKARTA - Indosat Ooredoo Hutchison (ISAT) posted a net profit of IDR 1.9 trillion in the first semester of 2023. This amount decreased 41.46 percent year on year (yoy) from the previous IDR 3.26 trillion in the same period last year.

President Director and CEO of Indosat Ooredoo Hutchison total Sinha said the company's net profit was supported by revenues reaching IDR 24.7 trillion in the first semester of 2023, or an increase of 10 percent compared to the same period last year.

He explained that the company's revenue growth was contributed by cellular revenue which rose 8.4 percent (yoy), Multimedia income, Data Communication, and Internet (MIDI) increased by 15.7 percent (yoy), and telecommunications services increased by 25.9 percent (yoy).

Furthermore, the company's EBITDA was recorded at 24 percent (yoy) to Rp11.4 trillion, with the EBITDA margin reaching 46.1 percent in the first semester of 2023.

"This achievement is the result of the hard work of all employees who are supported by our partners and shareholders, in achieving a common goal, namely empowering Indonesia," saidmen quoting Antara.

Then continued, the acceleration of network integration with Multi Operator Core Network (MOCN) technology began to show results, in which the company recorded total customer growth of 4 percent (yoy) or 3.8 million to 100 million in the first semester of 2023.

In addition, the increase in average income per user (Average Revenue Per User, APPU) was recorded at IDR 35,800 in the second quarter and data traffic increased by 16.8 percent (yoy) or more than 7,000 Petabytes.

menjelaskan, seluruh peningkatan layanan tersebut ditopang oleh lebih dari 215 ribu total BTS pada semester I-2023 yang meningkat 8,5 persen (yoy), dengan 167 ribu merupakan BTS 4G.

"The acceleration of MOCN integration, which is combined with the right Go-to-Market strategy, takes us on the right track in providing the best experience to all customers," said koordination.