Jakarta (ANTARA News) - Publicly-listed telecommunications operator PT Bakrie Telecom Tbk (BTEL) said its net profit last year plummeted 89.79 percent to Rp10 billion from Rp98 billion a year earlier on surging interest payments and depreciation costs.

"Despite the shortfall in net profit BTEL repaid syndicated debts of US$145 million which are supposed to mature in 2012 to improve its capital structure," BTEL President Director Anindya Bakrie said here on Thursday.

Income rose to Rp3.77 trillion last year from Rp3.435 trillion the year before, he said.

He said corporate performance was getting better with the market share of BTEL`s income in the category of fixed wireless access (FWA) increasing to 55 percent last year and the performance of BTEL shares jumping 573 percent in the January 2009 - March 2011 period. (*)

Editor: Kunto Wibisono
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