Jan 10, 2011

XL Axiata 10 revenue to reach Rp16.6 trio

Indonesia's third largest cellular operator PT XL Axiata Tbk (EXCL) in 2010 might post Rp16.6 trillion revenue, a 20% increase from 2009's level.
XL Axiata President Director Hasnul Suhaimi said the more than 20% growth revenue is triggered by number of factors e.g. the increasing number of subscribers.
“We are optimistic 2010 revenue could surpass 20% growth amid to our business strategies. However, revenue growth this year probably will not as big as last year,” as he said last week.
XL's revenue growth, he continued, is probably around 9%-10% from 2010. This situation occurred due to gloomy national communication market that covered 90% from the total citizen.

Disclosure: No position at the stock mentioned above.  

Print This Article

No comments: