The stocks have lost almost 21 percent of their value so far this year. Stocks of Indosat, traded at the Indonesia Stock Exchange (IDX) with the code ISAT, plunged 1.71 percent on Thursday as the main gauge, the Jakarta Composite Index (JCI), gained 0.75 percent. Previously, the company reported that its data traffic rose 27 percent from pre-pandemic numbers during the Idul Fitri holiday in May as people stayed at home to curb the spread of the coronavirus. Paket Indosat Freedom Combo M 5GB seharga Rp.55.800 yang akan memberikan : kuota 2GB + 3GB (4G), bebas telpon ke sesama Indosat Ooredoo. Indosat’s cellular subscriber number stood at 57.2 million at the end of June, a 0.9 percent yoy growth with data traffic growth reaching 61 percent annually. Indosat, he added, had accelerated its network rollout plan to ensure network resilience and uptime to cater to its customers’ growing needs. “Despite the disruption caused by the pandemic, we remain on track with our turnaround plan and I expect to see sustainable performance growth trends maintained in the quarters ahead,” said Indosat Ooredoo CEO and president director Ahmad Al-Neama in a statement on Wednesday. Meanwhile, its net currency loss amounted to Rp 54.29 billion from a gain of Rp 18.08 billion booked in the same period last year. The company saw a 7.6 percent increase in total costs to Rp 12.36 trillion as employee costs went up 43 percent to Rp 1.43 trillion following its organizational rightsizing.
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