PT SmartFren Tbk (FREN), telco operator, booked net loss of Rp1.97 trillion last year, expanded from Rp1.57 trillion in 2015, forcing Sinarmas Group to dig deeper its pocket. FREN did report the strongest revenue growth (+20%) among telco operators last year, but the Company’s operating loss also expanded to Rp1.98 trillion.To subscribe please click here
