Jul 14, 2010

XL Axiata revises up revenue to 19%

Indonesia's third largest cellular operator PT XL Axiata Tbk (EXCL) has determined to revise up its revenue target from a 15% growth to 18%-19% growth this year.
XL Axiata President Director Hasnul Suhaimi today said the operator has decided to revise up the growth target following a good result in the first half this year (1H 2010).
In 1H 2010, XL Axiata recorded 35 million subscribers. "We expect to reach 38 million-39 million subscribers," he said.

Disclosure: No position at the stock mentioned above.

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