Axiata posts Q2 loss on Idea charge, EBITDA grows 4%

Friday 24 August 2018 | 11:12 CET | News
Asian operator Axiata reported a net loss of MYR 3.32 billion for the second quarter, versus a profit of MYR 479 million a year earlier. The result was hurt by a reclassification of its stake in Indian operator Idea Cellular, which led to a charge of MYR 3.4 billion. Normalised profit fell to MYR 264 million from MYR 463 million due to higher depreciation and amortisation after investments. 

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Categories: General
Companies: Axiata / Idea Cellular
Countries: Asia
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