Shares of cellular service provider XL Axiata (EXCL) ended substantially higher by 4% on Monday (Feb 20) even when the company reported weaker net profit. XL Axiata, third largest player behind Telkom (TLKM) and Indosat (ISAT), booked profit attributable to owners of Rp1.1 trillion in 2022, declined 15.4% year on year (y/y) as expenses rose 10.6% y/y to Rp25 trillion, while revenues grew 8.9% y/y to Rp29.1 trillion.To subscribe please click here
