XL Axiata's Net Profit Reaches Rp 1.5 Trillion in Q1 2020

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Dwi Hadya Jayani 11/05/2020 12:58 WIB

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This profit increase was dramatic, reaching 26 times the amount of the same period in the previous year, which was only Rp 57.2 billion.

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XL Axiata's Net Profit Reaches Rp 1.5 Trillion in Q1 2020

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XL Axiata Net Profit

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PT XL Axiata Tbk (EXCL)'s net profit in Q1 2020 reached Rp 1.5 trillion. This figure increased dramatically, by 26 times compared to the same period in the previous year, which was Rp 57.2 billion. In addition, at the beginning of this year, EXCL successfully increased its revenue by 9% compared to the same period the previous year (year on year/yoy).

EXCL also successfully increased smartphone penetration to 86% at the end of Q1 2020. This success drove a 17% (yoy) increase in data revenue. Currently, data revenue contributes 91% of the company's total service revenue.

Editor : Safrezi Fitra

"Disclosure: This is an AI-generated translation of the original article. We strive for accuracy, but please note that automated translations may contain errors or slight inconsistencies."