Bakrie Telecom posts 97.3% rise in income

05/05/08 14:37

Jakarta (ANTARA News/Asia Pulse) - PT Bakrie Telecom (JSX:BTEL) reported a 97.3 per cent increase in net income to Rp441.8 billion (US$49 million) in the first quarter of this year, up from the same period last year.

The net profit of the subsidiary of the Bakrie Group shot up 68.5 per cent to Rp27.4 billion on 149.5 per cent increase year-on-year in the number of subscribers to 4.49 million by the end of March.

The company received a financing commitment of US$50 million from vendors to contribute to its capital expenditure of US$232 million this year, its Finance Director Jastiro Abi said.

Source:
Business in Asia Today - May. 5, 2008

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