KONTAN.CO.ID - JAKARTA. Last year, the performance of XL Axiata Tbk (EXCL) was weak. This cellular telephone operator and internet connection provider have lost Rp 3.3 trillion. However, the alarming performance has reversed in the first quarter of 2019. EXCL recorded a profit of Rp. 57.19 billion, up 270.64% from the same period last year. Binaartha Sekuritas analyst, Muhammad Nafan Aji Gusta Utama, assessed that the increase in EXCL profit was based on improving the data service business. According to Nafan, XL Axiata's performance in the first quarter was enough to meet investors' expectations.
Q1's performance was astounding, XL Axiata (EXCL) still had room to rise
KONTAN.CO.ID - JAKARTA. Last year, the performance of XL Axiata Tbk (EXCL) was weak. This cellular telephone operator and internet connection provider have lost Rp 3.3 trillion. However, the alarming performance has reversed in the first quarter of 2019. EXCL recorded a profit of Rp. 57.19 billion, up 270.64% from the same period last year. Binaartha Sekuritas analyst, Muhammad Nafan Aji Gusta Utama, assessed that the increase in EXCL profit was based on improving the data service business. According to Nafan, XL Axiata's performance in the first quarter was enough to meet investors' expectations.