PT XL Axiata Tbk reported the first half-year result with a net profit of IDR1.3 trillion, an increase of 87% from previous year of the same period.
The company revenue increased by 35% YoY to Rp. 8.5 trillion and the total subscribers increased by 43% YoY to 35.2 million subscribers.
The EBITDA also grew by 73% YoY to Rp. 4.4 trillion while the EBITDA margin improved to 52% compared to 41% in the last year for the same period.
The data services revenues, with 7% contribution to the revenues, rose 271% compared to the same period last year.
Furthermore, during 1H10, XL made repayments of its debts in the total of US$ 219 million and IDR900 billion using internal cash flow. By end of June, XL’s debt balance is IDR11.4 trillion with net Debt / EBITDA of 1.3x.
In this competitive environment, XL has revised its 2010 guidance for the second time with expected revenue growth more than 20% and EBITDA margin around 50%.
XL Axiata is one of the major cellular providers in Indonesia. XL Axiata is majority owned by Axiata Group Berhad through Axiata Investments (Indonesia) Sdn Bhd (formerly known as Indocel Holding Sdn Bhd) (66.7%) and Emirates Telecommunications Corporation (Etisalat) through Etisalat International Indonesia Ltd (13.3%), and public (20%), and is part of Axiata Group with Aktel (Bangladesh), HELLO (Cambodia), Idea (India), MTCE (Iran), Celcom (Malaysia), Multinet (Pakistan), M1 (Singapore), Samart (Thailand) and Dialog (Sri Lanka).
XL Axiata is one of the major cellular providers in Indonesia. XL Axiata is majority owned by Axiata Group Berhad through Axiata Investments (Indonesia) Sdn Bhd (formerly known as Indocel Holding Sdn Bhd) (66.7%) and Emirates Telecommunications Corporation (Etisalat) through Etisalat International Indonesia Ltd (13.3%), and public (20%), and is part of Axiata Group with Aktel (Bangladesh), HELLO (Cambodia), Idea (India), MTCE (Iran), Celcom (Malaysia), Multinet (Pakistan), M1 (Singapore), Samart (Thailand) and Dialog (Sri Lanka).
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