Axiata profit climbs on group-wide gains
Axiata Group president and CEO Izzaddin Idris highlighted its recovery in Q2, which he claimed puts the company in a strong position to add capacity and modernise its networks to support digital inclusion across the region.
Axiata forecasts full year profit drop
Axiata Group predicted full year revenue and profitability would decline due to continued economic and financial headwinds caused by Covid-19 (coronavirus)-related movement restrictions and consumptions shifts, as it revealed Q2 numbers.
Axiata prepares for tough times after profit hit
Axiata Group’s profit plummeted in Q1 due to forex losses and one-off charges, as the Malaysia-headquartered company posted modest revenue growth and prepared for tough medium-term business conditions. Net profit attributable to owners dropped 74 per cent year-on-year to MYR188.
Axiata profit rebounds on group-wide growth
Axiata Group returned to profit in the final quarter of 2019, with its two largest mobile businesses in Indonesia and Malaysia leading a recovery across all operating units. The Malaysia-headquartered company recorded a net profit of MYR404 million ($96.
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