Inovisi Infracom 2010 Net Profit Jumps 346 Percent to Rp 125 billion, Up from 2009

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Indonesia infrastructure investment company growth by acquisition

It's a normal process for business diversification, we hope that the new ventures will give more investment return to shareholders in the long run

PT Inovisi Infracom, one of the country’s leading diversified infrastructure company, announced on Tuesday that its financial performance in 2010 was sharply up from a year earlier, boosted by revenue surges in most of its businesses.

Inovisi said that audited net profits had reached Rp 125.4 billion, a 346 percent increase from Rp 28.1 billion in the same period earlier. The company’s total revenue in the 12 months period jumped by 372 percent to Rp 330.5 billion from Rp 88.7 trillion last year.

Inovisi president director Jerry Djajasaputra said that in the last 6 months of year 2010, all the Company’s business’s lines showed impressive performance, and that he expected the demand for the firm’s products and services would remain high.

However, he reported the recent capex investment in oil & gas and coal mining business had stressed the company's resources. “It's a normal process for business diversification, we hope that the new ventures will give more investment return to shareholders in the long run,” Jerry said in a press statement.

The company said its telecommunication infrastructure business generates the highest profits of all of its business units. The firm's cloud data services now reach 40 million users per day, mostly from Asia Pacific countries including Indonesia. "Mobile Internet has boosted many suppliers in the eco-system, such as cloud player VMWare, Riverbed Technology, and Acme Packet, just to name a few listed on NASDAQ", added Jerry.

According to BusinessWeek, as at 2 May 2011, VMWare, Riverbed Technology, and Acme Packet are valued at market capital of US$39b, US$5.2b, US$5.1b, and are traded at P/E of 111x, 157x, and 113x respectively.

Jerry said that Indonesia’s strong economy, stable inflation rate and faster access to financing had boosted Inovisi's businesses in the year 2010. The company strong financial performance will help finance business growth strategy by way of acquisition and investment in coming years.

“We hope that global and national economic conditions will get better despite several challenges, such as the oil and commodity price hike, which may slower demand, but overall does not slow down our M&A plans” he added.

About Inovisi Infracom
PT Inovisi Infracom is a diversified infrastructure investment holding company in telecommunication, energy & resources, oil & gas, power electricity & engineering, mobile Internet, media and e-commerce businesses. The Company provides product(s) and service(s) which enable its customers to engage and get involved in the mobile business via connecting to the mobile telecommunication networks and providing various services to serve the general public. Inovisi’s services serve to improve customer experience (faster access), boost transaction success rate, and increase application reliability. Inovisi’s services include the system design, leasing or outsourcing and also selling of hardware, software and connectivity to its customers. Inovisi investment portfolio includes telecommunication infrastructure, social networking and communications, e-payment solutions, and online marketplaces. Company e-commerce recently extended into oil & gas, mineral, industrial products and services. The Company other businesses includes mineral resources trading, geological research, and project management services. The company also provides power electricity and power plant engineering services, as well as independent power plant (IPP) consulting services. Investment division involves in project financing, seed and bridge investments as well as corporate M&A activities. For further information, visit the company’s web site at: http://www.inovisi.com

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