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Indosat Ooredoo records solid performance 12.9% YoY growth
- Monday | 24th February, 2020
Indosat Ooredoo had a robust 2019 as it refreshed its strategy to serve the needs of Indonesia’s evolving telecommunications landscape. Total Revenue increased by 12.9% to IDR 26.1 trillion YoY, cellular revenue increased by 14.7% to IDR 20.7 trillion YoY, and EBITDA reached IDR 9.9 trillion, a remarkable 51.6% improvement YoY. Indosat Ooredoo also recorded net profit of IDR1,569.0 billion,increased by almost IDR 4 trillion over net loss recorded in FY2018 primarily driven by EBITDA improvement and tower sale. In recognition of this momentous achievement, during the year Indosat Ooredoo was awarded the prestigious Gold Stevie® Award Asia Pacific award for the Innovation in Technology Development. In 2020, the Company is guiding in line with market revenue growth, EBITDA margin to be in high 30%, and CAPEX at IDR 8.5 to IDR 9.5Tn.
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