XL Books More Than Rp30 trillion Revenues in 2023

TEMPO.CO, Jakarta - PT XL Axiata Tbk (IDX: EXCL) booked Rp32.34 trillion in revenues throughout 2023, an 11 percent year-on-year (yoy) increase. The Jakarta-based mobile telecommunications services operator also posted a 12-percent EBITDA growth to Rp15.89 trillion, yoy.

The revenue and EBITDA hike allowed XL Axiata to earn a net profit of Rp1.28 trillion, a 15-percent yoy increase.

The company said the increase in revenue was supported by data traffic which rose 21 percent yoy to 9,638 Petabytes. The contribution of data and digital services to the company's total revenue reached 91 percent. Meanwhile, its quality customer base stood at 57.5 million.

XL Axiata president director & CEO Dian Siswarini said that improving digital facilities, network infrastructure quality, as well as the adoption of relevant technology in all business lines allowed the company to improve its service quality and boost data traffic.

"That contributed to an ARPU (average revenue per user) of Rp. 43,000," he said in a written statement Monday, February 12.

The company also spent 2023 carefully taking efficiency measures in all business lines, including reducing the cost of sales and marketing to six percent. Overall, EXCL was able to keep its increase in operating expenditure (OPEX) lower than revenue growth.

According to Dian, the lower sales and marketing expenses was driven by the increased use of digital facilities MyXL and AXISnet apps. At the end of last year, both apps recorded a combined 29 million monthly active users, almost twice of 2022's position. 

SUPRIYANTHO KHAFID

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