The troubled CDMA operator Bakrie Telecom (BTEL) booked net loss of Rp2.29 trillion in nine months ended September 30, 2014, ballooned from Rp1.52 trillion in the same period of 2013.
Bakrie Telecom reported operating revenues of Rp1 trillion in the period, dropped significantly from Rp1.6 trillion in the corresponding period of 2013.
As operating expenses down slightly to Rp1.4 trillion, Bakrie Telecom posted operating loss of Rp391.4 billion against profit of Rp100.8 billion in nine months of 2013.
Financing charges inched up to Rp572 billion, while loss on foreign exchange translation dropped from Rp1.3 trillion to Rp232.9 billlion. Bakrie Telecom, however, recognized Rp457 billion of impairment of assets in nine months of 2014.