XL Axiata, the country’s third-largest telecommunications company, reported a 2.1 percent decline in its net income last year in a filing with the Indonesia Stock Exchange on Friday.
XL Axiata, which is 67 percent controlled by Malaysia’s Axiata Group, said profit fell to Rp 2.86 trillion ($320 million) last year. Revenue at the Jakarta-based company rose 7.3 percent to Rp 18.92 trillion.
It said that revenue was supported by “strong momentum” in revenue for data services, which expanded by 61 percent last year.
“We have seen a tremendous increase in the adoption of data and take-up of our data services,” said Hasnul Suhaimi, president director of XL Axiata.
He said data revenue now contributed 15 percent of usage revenue, up from 10 percent in 2010. “Data users now account for more than half of our subscribers while data traffic has tripled,” he said.
Data users now account for 55 percent of its total 46.4 million subscribers. Data traffic surged to 10.6 petabyte in 2011 from 2.7 petabyte a year earlier.
To fulfill demand in data services, Hasnul said the company had spent Rp 6.5 trillion on capital expenditure last year.
He said the company was proposing to increase its dividend payout to 35 percent of normalized net income in 2011. Last year, that payout rate was 30 percent.
The company said earlier this year that total subscribers were forecast to increase to 50 million this year from an estimated 46 million last year.
Share of XL Axiata fell 3.5 percent to Rp 4,775 in trading on Friday. They have risen 5.5 percent this month.