Indonesian telecommunications group PT Indosat has reported a 96.5% slump in first-quarter net profit to IDR16.7 billion (USD1.8 million) from IDR483.7 billion in the first three months of 2011, on revenue which climbed 2.1% year-on-year to IDR4.98 trillion. Earnings before interest, tax, depreciation and amortisation (EBITDA) during the period increased 3.7% y-o-y to IDR9 billion.
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OVETEL Competition drives down profits at Indosat, XL Axiata
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