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Axiata's Q3 EBITDA jumps 29% on 3.5% revenue growth

Thursday 28 November 2019 | 12:43 CET | News
Axiata Group posted revenue of MYR 6.2 billion for the third quarter of 2019 (3Q19), which represents an increase of 3.5 percent year-on-year. EBITDA jumped 29 percent to MYR 2.8 billion, boosted by revenue growth as well as the group's cost reduction initiatives which resulted in MYR 816 million in savings. Profit after tax jumped 33.5 percent to MYR 247.6 million for the quarter as a result of better topline, the company said. However, profit after tax and minority interest (PATAMI) fell 9.4 percent to MYR 119.7 million due to the absence of M1's contribution following its disposal, as well

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Categories: Mobile & Wireless
Companies: Axiata / Celcom / Dialog / Edotco / M1 / Ncell / Robi
Countries: Asia
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