Axiata's Q3 profit drops 11.2% on forex losses at XL

News Wireless Asia 25 NOV 2014
Axiata's Q3 profit drops 11.2% on forex losses at XL

Asian mobile operator group Axiata Group saw its third-quarter revenue slightly increase by 0.3 percent year-to-date, to MYR 13.9 billion. At constant currency, revenues increased by 4.2 percent in the period. Year-to-date EBITDA fell 5.9 percent, or 2.3 percent at constant currency, driven by the impact from the acquisition of Axis. Profit after taxation and minority interests (Patami) fell 11.2 percent, mainly due to lower group EBITDA and forex losses at XL. Patami jumped 40.9 percent quarter-on-quarter, partly due to the disposal of Axiata’s 24 percent stake in Samart I-Mobile (Thailand) which recorded a gain of MYR 116.7 million.

Most of the group’s operating companies posted good growth with Smart performing exceptionally well, Axiata said. Data continued to be the main growth driver, up 27.9 percent year-to-date. In all markets data revenue showed strong growth driven by increased smartphone penetration. Regional mobile subscribers grew 7.3 percent to over 250 million.

Categories:

Mobile

Companies:

XL,  Samart I-Mobile,  Axiata

Regions:

Asia

Tags:

Financial figures

Related Articles

INDONESIA 13 MAY 2015

XL Axiata turns to net loss in Q1

Indonesian mobile operator XL Axiata reports revenues of IDR 5.5 trillion for the first quarter of 2015. Revenues were flat year-on-year. Mobile revenue grew 3 percent year-on-year, boosted by a 29 percent increase in the Data segment. Data revenue now contributes 32 percent of XL's total usage revenue, up from 26 percent a year ago. Loss during the quarter amounted to IDR 758 billion, compared to a net profit of IDR 379 billion in the first quarter of 2014. The decline was due to the weakening Rupiah, XL s

CAMBODIA 25 NOV 2014

Smart post double digit growth across all financial metrics

Cambodian mobile operator Smart Axiata continued to post double digit growth across all financial metrics, parent company Axiata Group reported. Year-to-date revenue increased 37.1 percent, while EBITDA jumped 73.6 percent. Profit after tax during the period more than doubled. Data revenue more than doubled and now accounts for 20.7 percent of total revenue. Total data subscribers of 1.6 million now represent 27.5 percent of the total subscriber base strong gross revenue growth for the quarter.

INDONESIA 25 NOV 2014

XL Axiata revenues flat in Q3

Indonesian mobile operator XL Axiata revenue remained flat in the third quarter, but recorded an 11 percent year-to-date increase in revenue driven by strong data traction and acquisition of Axis, parent company Axiata Group reported. Third-quarter gross revenue fell 4.5 percent, mainly due to translation impact of a weaker IDR against MYR. At constant currency, Indonesia revenue would have registered growth of 7.8 percent, due to higher revenue and also consolidation of results of Axis in Indonesia.

ASIA 27 AUG 2014

Axiata's Q2 profit plunges 11% on forex losses at XL

Asian mobile operator group Axiata Group saw its second-quarter profit after tax drop 11 percent, mainly due to lower Group EBITDA and forex losses at XL. Revenues went up 1.5 percent year-on-year to MYR 9.2 billion. At constant currency, revenues would have been 5 percent higher. Group EBITDA decreased by 3 percent, due to the impact of the acquisition of Axis. Data continued to be the main revenue growth driver, up 27 percent. Data revenue showed strong growth in all markets driven by increased smartphone

ASIA 21 FEB 2014

Axiata group posts flat Q4 profit

Asian mobile operator group Axiata saw its profit inch up only 0.8 percent in the fourth quarter to MYR 576 million. Revenues grew 1.4 percent to MYR 4.51 billion as group-wide data growth and voice/SMS growth at Dialog, Robi, and Smart more than offset voice and SMS decline at Celcom and XL. However, EBITDA fell 4.7 percent to MYR 1.71 billion and EBITDA margin slipped 2.4 percentage points to MYR 37.9 billion. The group ended the quarter with 243.8 million subscribers across all operating units, up 18.7 p

ASIA 27 NOV 2013

Axiata's Q3 profit slips, revenues grow 5%

Asian mobile operator group Axiata reported a net profit of MYR 769.78 million, down 4.8 percent year-on-year from MYR 808.41 million. The decrease was due mainly to lower EBITDA contribution in Indonesia, higher foreign exchange losses, and a one-off reversal in Q3 2012 of cumulative deferred tax liability in Sri Lanka. Total revenues grew 4.6 percent to MYR 4.75 billion from MYR 4.54 billion in the year-ago quarter as voice services revenues went up 1.4 percent to MYR 2.45 billion and data services revenu

ASIA 23 MAY 2013

Axiata group sees profit grow 5%

Mobile operator group Axiata posted a first quarter net profit of MYR 675.2 million, up 4.7 percent from MYR 644.9 million in the year-ago period, mainly due to foreign exchange gains. Higher profit contribution in Sri Lanka and Bangladesh operations also brought back positive growth to the group. Revenues were up 5.5 percent to MYR 4.5 billion from MYR 4.2 billion in Q1 2012 as slower momentum in traditional revenues was cushioned by strong growth in data at Celcom and XL. EBITDA, however, dipped 2.4 perce

Just In

03:30

Pakistan introduces USSD codes for mobile VAS subscription management

03:16

Ignite, Mobilink Bank to open National Incubation Centre in Sialkot

12 JUN 14:46

Over 21 mln Brazilians could watch FIFA World Cup with experimental TV 3.0 signal

12 JUN 14:46

Kainos to create over 300 new jobs in N Ireland

Commentary

5 MAY 10:55

KPN: the art of making one-offs structural

4 MAY 14:25

Open Dutch Fiber outlook: time to restart roll-out?

20 APR 10:36

Netflix back to organic growth and doing just fine

11 FEB 12:29

Odido shareholders face tricky exit after abandoned IPO

Background

1 JUN 00:13

The week in telecom: EU telcos push sovereign services as governments question foreign tech investors

23 MEI 23:42

The week in telecom: Starlink ready to go public, Singapore telco M&A and Google courts AI subscribers at I/O

18 MEI 00:31

The week in telecom: US operators mount rural satellite challenge, Cisco cashes in on AI boom

11 MEI 00:53

The week in telecom: Lumen, NTT turn to data centre market to revive growth, Hutchison exits UK

Complete profile

Before downloading the whitepaper, we would like to ask you to complete your profile with company and position. After confirming you will receive the white paper.