XL posts 12% rise in 1H profits

11 Aug 2009

Indonesia’s third largest mobile operator by subscribers Excelcomindo Pratama (XL) has announced a 12% rise in net profit in the first half of 2009, driven by strong growth in its pre-paid customer base which rose 9% from 19.9 million in the first quarter to 21.8 million as at 30 June. Communication traffic also leapt 113% while messaging traffic shot up 170%, it said. In a press release, XL said earnings before tax, cost, depreciation and amortisation, or EBITDA, jumped 31% from the first quarter, while net profit rose to IDR706 billion from a year earlier. The total number of customers stood at 24.7 million by 30 June 2009.

Indonesia, XL Axiata