PT Indosat Tbk, second largest seluler provider in Indonesia, is planning to settle US$300 million or IDR2.65 trillion debt next year.Indosat's debt position in the end of September was at IDR21.64 trillion, down IDR2.42 trillion from last year's position at IDR24.06 trillion or more than US$200 million.
The company will use internal cash to settle debt in 2012. Cash and cash equivalent of the company in the third quarter was recorded at IDR1.81 trillion.
In the third quarter, Indosat pocketed IDR992 billion net profit, rose 86.9% from IDR530.9 billion on the same period last year. The gain was contributed by smaller number of other expenses.Nevertheless, operating income was down 9.2% to IDR2.31 trillion from IDR2.54 trillion amid higher operating expenses.
Operating revenue slightly rose 3.5% to IDR15.36 trillion from IDR14.84 trillion, thus operating margin down to 15.01% from 17.12%.
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