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XL RECORDED A 15% GROWTH IN H1 2005 REVENUE
Based on it s audit ed H1 2005 f inancial st at ement s, PT Excelcomindo Pratama (“ XL") report ed a
gross revenue of Rp. 1. 7 t rillion in H1 2005. This represent s a 15% increase over t he same
period last year of Rp. 1.5 t rillion. The increase is support ed by subscriber growt h of 23% f rom
3.5 million as of t he end of H1 2004 t o 4.3 million as of t he end of H1 2005.
Operat ing income decreased by 19% from Rp. 393.2 billion in H1 2004 t o Rp. 319.2 billion in H1
2005, due t o t he increase in operat ing expenses. Operat ing expenses for t he same period
company’ s f oreign syndicat ed secured debt and t o support business growt h. The weakening of
Rupiah against US Dollar f rom Rp. 9,415/ US$ as at end of H1 2004 t o Rp. 9,713/ US$ as at end
In June 2005, Telekom Malaysia Berhad, t hrough Indocel Holding Sdn Bhd, which is 100% owned
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About XL
XL is t he largest privat ely owned cellular provider in Indonesia. Est ablished in November 1995
and st art ed commercial operat ion in Oct ober 1996, XL business consist s of Consumer Solut ions
as dual band cellular net work provider t hrough je mpol and bebas prepaid and Xplor postpaid
cards and Business Solut ions as corporat e service provider based on leased line and IP (Int ernet
Prot ocol). XL’ s vision is t o become t he leading t elecommunicat ions provider in Indonesia.
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