Indonesia's second largest telecom service provider by value, PT Indosat has reported a loss of IDR131.81 billion (USD13.9 million) for the six months to 30 June 2012, reversing net income of IDR724.48 billion in the corresponding year-earlier period. In a statement Indosat said that the H1 2012 loss was due to foreign exchange losses, and set out plans for the early repayment of debt as its FOREX hedges threaten to weigh heavily on its earnings prospects for the remainder of fiscal 2012. The telco booked an IDR522.25 billion foreign exchange loss in 1H12, compared to a gain of IDR677.68 billion previously
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OVETEL Indosat books IDR132bn loss in 1H12
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