Revenue Increased, but XL Axiata's Profit Down 14%

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Reza Pahlevi 25/08/2022 11:10 WIB

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XL Axiata's revenue increased by 8.5% to Rp14.07 trillion in the first half of 2022.

XL Axiata Revenue and Profit/Loss (First Half, 2021 vs 2022)

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Revenue Increased, but XL Axiata's Profit Down 14%

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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.

Editor : Annissa Mutia

"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."

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Revenue Increased, but XL Axiata's Profit Down 14%

Revenue Increased, but XL Axiata's Profit Down 14%

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Revenue Increased, but XL Axiata's Profit Down 14%

Revenue Increased, but XL Axiata's Profit Down 14%

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Average Length of Schooling in Depok City Up to Class X in 2025

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