PT XL Axiata Tbk Reports Financial Results for the Year 2011; Proposes Dividend for Fiscal 2011
January 27, 2012 at 03:00 am
PT XL Axiata Tbk reported financial results for the year 2011. Revenue increased by 7% YoY in 2011, driven by a strong momentum in the data revenue, which grew 61%. EBITDA grew by 1% YoY, with EBITDA margin at 49%, including the impact of a one-off severance payment provision relative to a network managed service solution.
The company proposed dividend payout of 35% of last year's normalized net income to be paid this year. This will be subject to shareholders' approval at the next AGM.