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Wireless

Axiata Group's Q1 revenue grows 1.5%, profit declines on forex losses

Thursday 21 May 2020 | 19:11 CET | News
Axiata Group posted Group revenue of MYR 6 billion for the first quarter of 2020, which represents an increase of 1.5 percent year-on-year. Group EBITDA rose 3.4 percent to MYR 2.5 billion, due to improved operational performance from all units, except Ncell and Axiata Digital. Group profit after tax reached MYR 398.3 million, negatively impacted by forex losses arising from the strengthening of the US dollar against local currencies and one-offs, especially Celcom's MYR 76.9 million employee restructuring programme.

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Categories: Mobile & Wireless
Companies: Axiata / Celcom / Dialog / Edotco / Ncell / Robi
Countries: Asia
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