"The loan agreement was signed on Oct 20," XL Corporate Secretary Murni Nurdini said here on Friday.
The loans would be payable in three years, she said.
This year XL plans to repay its debts worth Rp1 trillion to Rp1.46 trillion using loans from Bank of Tokyo Mitsubishi UFJ, among others.
Also this year XL intends to lower the amount of its debts by Rp2.5 trillion, while its short-term liabilities stood at Rp6.58 trillion in the first semester of this year.
Meanwhile, XL`s long term liabilities in the first half of 2011 reached Rp9.45 trillion.
The company posted a net profit of Rp1.6 trillion in the first semester of 2011, an 18 percent increase compared to the same period last year.
The increase in net profit was fueled by the company`s operating income which increased by around 8 percent to Rp9.1 trillion. The income originated from data service which surged 47 percent, contributing 21 percent to overall income.
(T.KR-IAZ/Uu.S012/HAJM/S012)
Editor: Priyambodo RH
Copyright © ANTARA 2011
