EXCL Loses Rp758bn from Rupiah Correction

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  • TEMPO.CO, Jakarta – Mobile operator XL Axiata Tbk (IDX: EXCL) noted performance declines in the first quarter of 2015. The telecommunications company suffered a loss of Rp758 billion due to rupiah correction. In 2014, XL also lost Rp891.06 billion.

    "Without taking into account the impact of foreign currency transactions and unrealized tax revenues, XL actually only lost Rp79 billion," XL president director Dian Siswarini said yesterday.

    In the first quarter, XL booked Rp5.5 trillion in revenues.  

    Cellular income grew three percent from the year before, whereas data services grew 29 percent.  

    The company also noted a decline of 15 percent in earnings before interest, taxes, depreciation, and amortization (EBITDA) to Rp1.9 trillion, with an EBITDA margin of 34 percent.

    "This decline is the impact of our integration with the Axis," said Dian.

    XL has spent Rp769 billion in capex for building data and mobile services infrastructure. The company's total debt increased to Rp30.2 trillion from the previous quarter's Rp28.4 trillion.