Shares of XL Axiata (EXCL) gained 1.46% to Rp4870 Thursday despite weaker performance in the fourth quarter of 2013. The company reported net profit of Rp1.03 trillion last year, collapsed 62.4% from 2012. Weaker rupiah contributed to huge losses in foreign exchange translation of Rp1.037 trillion. Higher operating costs, however, deserved more attentions going forward.
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