XL posts Rp3.7 T in gross profit

Surabaya, E Java (Antara News) - Publicly-listed cellular phone operator PT Excelcomindo Pratama Tbk (XL) said on Tuesday its gross income in the first half of 2007 rose 28 percent to Rp3.7 trillion from the same period last year on its successful service programs offered to subscribers.

The number of subscribers in the first semester increased 22 percent to 10.2 million from 8.4 million in the corresponding period last year, the company said in a statement.

Income before interest, tax, depreciation and amortization in the January-June 2007 period also rose up to 29 percent to Rp1.6 trillion from 1.2 trillion in the same period last year, it said.

XL President Director Hasnul Suhaimi said in the first six months to June the company spent more than Rp2.9 trillion on capital expenditure to improve service quality as well as to expand service networks.

Last year the company`s capital expenditure reached Rp2.3 trillion.

"During the first semester of 2007 we built more than 1,600 BTS (base transceiver stations), bringing their number close to 9,000 across Indonesia. The BTS are able to serve 85 percent of the Indonesian population," he said.(*)
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