PT Mora Telematika Indonesia (Moratelido) plans to launch the initial public offering (IPO) for 20-30% shares in the second half (H2) of 2019. Since November 2017, the Company planned IPO, targeting to raise US$200-300 million. Moratelindo has subsidiaries such as Moratel International Pte Ltd, PT Oxygen Multimedia Indonesia, PT Palapa Ring Barat, PT Palapa Timur Telematika, and Premier Professional Services Pte Ltd. It also has indirectly-owned subsidiary, PT Oxygen Infrastruktur Indonesia.
Moratelindo has cash and cash equivalent of Rp800.96 billion per June this year. It booked revenues of Rp1.87 trillion in first half (H1) of 2018, jumped 204% from Rp614.47 billion revenue in H1 of 2017. The Company booked net profit of Rp206.4 billion, jumped 171.5% from Rp76 billion profit a previous year. Moratelindo targets to book revenues of Rp2.5 trillion and net profit of Rp70 billion this year, and Rp200 billion net profit in 2019.