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Jakarta Post

IOH recorded an increase in Net Profit of 2,332.4% QoQ in 2Q22

Indosat Ooredoo Hutchison (IOH) delivered a solid performance in the second quarter of 2022, solidifying their place as one of the most preferred digital telecommunication companies in Indonesia.

Sheena Suparman (The Jakarta Post)
Jakarta
Fri, July 29, 2022

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IOH recorded an increase in Net Profit of 2,332.4% QoQ in 2Q22 (Courtesy of indosat)

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ndosat Ooredoo Hutchison (IOH) delivered a solid performance in the second quarter of 2022, solidifying their place as one of the most preferred digital telecommunication companies in Indonesia. At Rp 11,654 billion, the company’s total revenue saw an increase of 7.2 percent quarter-on-quarter (QoQ), along with a 50.3 percent increase year-on-year (YoY) to Rp 22,527 billion for the first half of the year.

"We are excited to report that all of IOH's financial and commercial indicators are showing solid positive momentum in the second quarter of 2022. This performance is the result of continued support from our customers and all IOH stakeholders. We are committed to continuing this growth momentum to enhance our customers' digital lifestyles, that aligns with IOH's mission to deliver world-class digital experiences, connecting and empowering Indonesians," said Vikram Sinha, President Director and CEO of Indosat Ooredoo Hutchison.

The company saw an increase of total revenue, EBITDA, subscribers, Average Rate Per User (ARPU), and net profit compared to last year. Latest findings show Rp 9,178 billion of EBITDA, which is an equivalent of 40.7 percent of the margin. Net profit for the first half of 2022 stood at Rp 3,260 billion, while the total subscriber increased by 1.6 million to 96.2 million in the second quarter. Furthermore, the company’s ARPU increased by 9.2 percent to Rp 35,000 and data traffic rose by 9 percent in the second quarter.

More specifically, the growth and trustworthiness of IM3 and Tri are evidently shown through the brands’ higher NPS (Net Promoter Score) numbers, which has substantially increased for both.

After merging in early 2022, IOH are currently continuing its network integration process with MOCN (Multi Operator Core Network) technology, a process expected to be completed by the end of this year. IOH welcomed the second quarter by a collaboration with Lintasarta, and BDx to launch a joint-venture to accelerate Indonesia’s digital transformation with a new hyperscale-focused data center company.

In cementing their place as Indonesia’s most trusted communication company, IOH was chosen as the official 5G partner of Jakarta E-Prix. They will also launch 5G services in Bali to support the series of G20 Presidency agendas, along with promoting the government’s agenda to promote tourism recovery and economic growth.

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"IOH’s management will continue to focus on aligning and transforming the organization, increasing cost efficiencies, and accelerating the integration process. IOH brings this effort to ensure a marvelous experience for the customers. Furthermore, we want to create more value for our customers and shareholders and accelerate Indonesia's digital transformation," Vikram concluded.



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