Jakarta. XL Axiata, Indonesia’s second-largest mobile phone operator by users, posted a Rp 901.2 billion ($74.5 million) loss in the first nine-month of this year, a huge swing from the Rp 917 billion in profit in the same period last year, the company said in a filing to the Indonesian stock exchange.
XL, majority owned by Malaysian telecommunication company Axiata Group, posted a 10.9 percent increase in its revenue in the period, but it wasn’t enough to offset the drag of its rising costs.
Details
- Publication Date
- Oct 31, 2014
- Language
- English
- ISBN
- 9781312642133
- Category
- Business & Economics
- Copyright
- All Rights Reserved - Standard Copyright License
- Contributors
- By (author): Mario Fink
Specifications
- Format