Telco operator Smart Telecom (FREN), controlled by the Sinarmas Group, suffered a loss of Rp2.2 trillion in 2019, narrowed from loss Rp3.55 trillion in 2018, as revenues grew 27% to Rp6.99 trillion from previous Rp5.49 trillion. Meanwhile, operating expenses rose 14% to Rp9.29 trillion. So FREN recorded an operating loss of Rp2.3 trillion, narrowed from a loss of Rp2.6 trillion in 2018. On revenues, data contributed revenues of Rp6.06 trillion (grew 26.27% year on year), non-data contribution rose 47%.
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