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XL Axiata Revenue and Profit/Loss (First Half, 2021 vs 2022)
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Telecommunications issuer PT XL Axiata Tbk achieved a net profit of Rp614.91 billion in the first half of 2022. This profit, for the issuer with the code EXCL, decreased by 14% year-on-year (YoY).
XL recorded a net profit of Rp715.96 billion in the same period last year.
XL's revenue actually increased by 8.5% (YoY) to Rp14.07 trillion. In the same period last year, XL's revenue was recorded at Rp12.97 trillion.
However, the increased revenue was accompanied by a swelling of expenses. XL's total expenses reached Rp12.19 trillion, up 10.7% (YoY) from Rp11 trillion.
XL Axiata is currently in the process of phasing out its 3G network. As of June 2022, 92% of XL's 3G BTS (Base Transceiver Stations) had been deactivated.
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