Dian Siswantiri Talks About Dividends That Will Be Distributed By XL Axiata This Year

XL Axiata President Director, Dian Siswarini. (Photo: Doc. XL Axiata)

JAKARTA - The telecommunications company PT XL Axiata Tbk (EXCL) will distribute dividends to be decided at the general meeting of shareholders (GMS) on May 5.

XL President Director & CEO Axiata Dian Siswarini said, based on the XL Axiata policy, the issuer coded EXCL shares will provide a minimum of 30 percent of the company's net profit dividends.

"But last year we gave 50 percent of the net profit," said Dian in Jakarta, Monday, April 10.

However, Dian has not been able to notify the certainty of the dividend payout ratio for the 2022 financial year before the GMS is implemented. However, Dian gave a grid in the financial year 2021 and 2020 EXCL provided dividends with payout ratios of 51 percent and 31.7 percent, respectively.

Based on historical data, EXCL for three consecutive years routinely distributes dividends, which is worth a total of IDR 552 billion for the 2021 financial year, then IDR 339.4 billion for the 2020 financial year, and IDR 215.7 billion for the 2019 financial year.

The largest dividend distribution with value and payout ratio EXCL was carried out in 2013, which was valued at IDR 1.15 trillion with a payout ratio of 135 percent.

Throughout 2022, EXCL XL Axiata posted revenue of IDR 29.2 trillion, up 9 percent compared to 2021 which amounted to IDR 26.76 trillion. The revenue growth of the issuer coded EXCL is supported by the provision of sustainable products and qualified network quality.

Meanwhile, total digital data and service revenues reached IDR 26.6 trillion, or 91 percent of the company's total revenue. However, the profit attributable to the owner of the EXCL parent entity fell 13.8 percent to IDR 1.1 trillion throughout 2022, compared to net profit in 2021 which amounted to IDR 1.28 trillion.