PT Indosat Tbk Class B ( (PTITF) ) has released its Q4 earnings. Here is a breakdown of the information PT Indosat Tbk Class B presented to its investors.
Discover the Best Stocks and Maximize Your Portfolio:
- See what stocks are receiving strong buy ratings from top-rated analysts.
- Filter, analyze, and streamline your search for investment opportunities with TipRanks’ Stock Screener.
PT Indosat Tbk is a prominent telecommunications company in Indonesia, offering a wide range of services including cellular, multimedia, data communication, and fixed telecommunications. It focuses on information and communications services, wholesale trades, and financial activities.
In its latest earnings report, PT Indosat Tbk demonstrated strong financial performance with notable increases in revenue and profit for the year ending December 31, 2024. The company’s revenue saw a significant rise to IDR 55,886,870 million, driven by growth in its cellular and multimedia sectors.
Key financial highlights include a 9% increase in total revenue compared to the previous year, reaching IDR 55,886,870 million, with cellular services contributing the major share. Profit for the year also rose to IDR 5,272,412 million, reflecting a solid operational performance. The company maintained a healthy balance sheet with total assets amounting to IDR 114,386,698 million and a reduction in liabilities, indicating improved financial stability.
Looking ahead, PT Indosat Tbk remains optimistic about its growth prospects, driven by continued investments in technology and infrastructure to enhance its service offerings and expand its market presence in Indonesia’s competitive telecommunications sector.
