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ISAT – Tower Sales Expected to Improve Bottom Line

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Restu Pamungkas
Restu Pamungkas
Analyst - Telco, Tower, Toll Road, Poultry
Restu Pamungkas
Latest posts by Restu Pamungkas (see all)
  • JSMR – Divestment to Strengthen Capital Structure - August 5, 2021
  • TBIG – Limited Tower Acquisition Potential - July 23, 2021
  • TLKM – Strengthening Data Center Business - July 14, 2021

Throughout 2020, ISAT booked top line growth of 6.9% YoY. But, financial costs and changes from fair value of derivatives resulted in ISAT’s bottom line to book another net loss in 2020. We see that the proposed sales of 4,000 towers will help ISAT’s bottom line to recover in FY21/FY22.

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