JAKARTA (Yosefardi) – PT XL Axiata Tbk (EXCL) booked net profit of Rp1.03 trillion in 2013, dropped 62.7% from Rp2.76 trillion in 2012. Earning per share (EPS) was Rp121.
Revenue increased to Rp21.26 trillion from previous Rp20.97 trillion, the expenses increased to Rp19.6 trillion from earlier Rp16.62 trillion. The company suffered loss in foreign exchange (forex) of Rp1.04 trillion, widened from loss Rp299.17 billion in 2012.
Its assets totaled Rp40.28 trillion while liability amounted Rp24.98 trillion. It has cash and cash equivalent of Rp1.32 trillion.
Shareholders of EXCL had Wednesday (Feb 5) approved XL’s decision to acquire and merge with PT Axis Telekom Indonesia
(AXIS). Based on the conditional Sales Purchase agreement between XL and STC upon obtaining approval from the
shareholders and all relevant regulators, XL will settle the US$ 865 million deal to Axis’ creditors.
To fund this transaction, XL will utilize loan combination from Axiata as XL’s shareholders amounting to US$500 million (around 58%) and loan from financial institutions constituting US$ 365 million (42%).