iBet uBet web content aggregator. Adding the entire web to your favor.
Link to original content: http://www.thejakartapost.com/news/2021/11/10/xl-profit-falls-in-q3-as-tower-sale-income-dries.html
Please Update your browser
Your browser is out of date, and may not be compatible with our website. A list of the most popular web browsers can be found below.
Just click on the icons to get to the download page.
Telco company XL Axiata saw its profit drop by 51 percent to Rp 1.01 trillion (US$70.86 million) in the January to September period, from Rp 2.07 trillion a year earlier.
A pedestrian uses his smartphone while walking on a sidewalk in Jakarta on February 28, 2019, past an advertisement for one of Indonesia's top three mobile operators, XL Axiata.
(AFP/Bay Ismoyo)
ublicly listed PT XL Axiata, one of the biggest telecommunications firms in Indonesia, saw its net profit drop in the third quarter this year, dragged down by falling gains from tower sales.
XL Axiata's latest financial report shows that net profit dropped 51 percent year-on-year (yoy) to Rp 1.01 trillion (US$70.86 million) in the January to September period this year.
The company reported a slight increase in its revenue to Rp 19.80 trillion, up 0.73 percent from the same period last year, buoyed by higher data consumption.
“We see good numbers in a tough quarter that was impacted by the COVID-19 Delta surge in July,” XL Axiata chief executive Dian Siswarini said during a press conference on Wednesday.
“This result is due to good traction of our product in the market, supported by improved network performance.”
During the first nine months of the year, the privately owned telco company saw an additional 1.2 million subscribers, bringing the total to 57.9 million subscribers, according to XL Axiata's presentation material to investors.
However, gains from tower sales and leasebacks fell by a sixth to Rp 313.29 billion as of the third quarter.
Share your experiences, suggestions, and any issues you've encountered on The Jakarta Post. We're here to listen.
Thank you for sharing your thoughts. We appreciate your feedback.
Quickly share this news with your network—keep everyone informed with just a single click!
Share the best of The Jakarta Post with friends, family, or colleagues. As a subscriber, you can gift 3 to 5 articles each month that anyone can read—no subscription needed!
Thank you for sharing your thoughts.
We appreciate your feedback.
