Excelcomindo has swelling debt

Debt of PT Excelcomindo Pratama Tbk in semester I/2009 stood at IDR24.10 trillion or sharply jumpec 33.37 percent as from IDR18.07 trillion last year.
Based on the audited financial report of Excelcomindo per 30 June 2009, it mentios the company had soaring non current obligation into IDR18.06 trillion this year as from IDR11.93 trillion on June 30, 2008.
The current liabilities of the company declined into IDR6.04 trillion in semester I/2009 as from IDR6.14 trillion in semester I/2008.
The corporate debt includes the business debt for fixed assets acquisition, operational cost debt, interconnection debt, and international roaming cost standing at IDR2.55 trillion.
The corporate long term debt standing at IDR16.19 trillion comes from PT Bank Mandiri Tbk worth IDR3.6 trillion, PT Bank Central Asia Tbk IDR3 trillion, Exportkreditnamnden (EKN) Buyer Credit Facility IDR3.54 trillion and Standard Chartered Bank IDR1.53 trillion.
The gross business revenue after discount in semester I/2009 stood at IDR6.21 trillion or rose 7.3 percent as from IDR5.78 trillion in the same period last year.
The company this semester could book profit from exchange rate spread of IDR425.07 billion rose from IDR217.8 billion last year.
The exchange rate profit contributed to the mounting corporate net profit by 11.8 percent into IDR706.38 billion in semester I/2009 as from IDR631.27 billion last year.
The profit before tax rose into IDR973.46 billion as from IDR938.86 billion last year.