PT Indosat Tbk, Indonesia's second largest cellular, today reports that the operator has fully repaid the principal and outstanding interest on Indosat Bond III series B, issued in 2003.
The principal repayment of IDR640 billion and associated interest was made on October 22, 2010. The payments were executed through PT Kustodian Sentral Efek Indonesia.
In first nine months of 2010, Indosat suffered 63.4% plunge bottom line on the back of rupiah appreciation against US$ and higher financing cost.
Indosat posted IDR530.9 billion net profit by the end of the third quarter this year from IDR1.45 trillion a year earlier.
Despite lower net profit, the operator stayed at a positive growth on its EBITDA margin. As of September 30 2010, Indosat's EBITDA margin rose 1.9% from 46.1% at the end of September 2010 to 48%.
EBITDA rose 12.6% from IDR6.33 trillion in the first 9 months of last year to IDR7.13 trillion.Revenue increased 8.1% from IDR13.73 trillion to IDR14.84 trillion as of September 2010.
At the end of September 2010, Indosat spent capital expenditure IDR4.34 trillion, less than ODR9.46 trillion a year earlier. Subscribers grew 40.9% from 28.2 million to 39.7 million in September 2010.
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