XL Axiata reports record profit of IDR376bn in 2016

1 Feb 2017

Mobile operator XL Axiata has recorded a profit of IDR376 billion (USD28.2 million) in FY 2016, reversing a net loss of IDR25 billion the previous year. The company attributed the turnaround in part to the positive impact on the strengthening of the rupiah against the US dollar, as well as the results of the sale of towers in the twelve-month period. ‘In 2016, our main focus was to improve the coverage and quality of our data networks as part of a strategy of transformation to build a strong data service,’ said President and CEO, Dian Siswarini, in a statement. XL Axiata booked revenue of IDR21.4 trillion in 2016, down 7% compared to IDR22.9 trillion in 2015; revenues derived from telecommunications services amounted to IDR20.3 trillion and other telecommunications services IDR1.07 trillion. Full-year EBITDA stood at IDR8.058 trillion (down 1%), while the EBITDA margin improved by one percentage point to 37.6%. CAPEX in 2016 was IDR5.58 trillion with XL Axiata budgeting capital expenditure of IDR7.0 trillion.

As at 31 December 2016, XL Axiata said its 4G networks covered nearly 100 cities in different regions, with more than 8,200 base stations, while the increase in smartphone penetration from 21% to 63% (of the user base) boosted the total of people using smartphones on the XL network to 29 million – up 64% year-on-year. The operator had a total mobile customer base of 46.5 million at the year end, up 11% compared to the year earlier period, and monthly blended ARPU in 2016 reached IDR35,000, up slightly from IDR34,000 in 2015.

Indonesia, XL Axiata