XL Axiata (EXCL), the third largest telco operator in Indonesia, reported a net profit of Rp376 billion in 2016 against loss of Rp25 billion in 2015, but revenues and operating profit fell 6.7% and 46.3% respectively. In the fourth quarter, XL Axiata reported a 55.1% drop in net profit, to Rp216 billion, compared to Rp481 billion profit in the corresponding period of 2015. Compared to first three quarters last year, XL Axiata reported an improved profit in fourth quarter but still far away its profit achievement in last quarter of 2015.To subscribe please click here