Smartfren Telecom (FREN), controlled by Sinarmas Group, suffered a loss of Rp1.07 trillion in the first half (H1) of 2019 but narrowed from loss Rp1.65 trillion in the corresponding period of 2018. Operating revenues grew 19% to Rp3.03 trillion, but operating expenses increased by 10.4% to Rp4.31 trillion. Then the Company booked loss from operation of Rp1.28 trillion, compared to a loss of Rp1.36 trillion in H1 last year.

To subscribe please click here