Axiata returns to black with RM976.67m net profit in Q3

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KUALA LUMPUR, Nov 28 — Axiata Group Bhd’s net profit for the third quarter ended Sept 30, 2024 (3Q 2024) made a signific...

Vivek noted that the group foresees potential opportunities from stabilising currencies, synergy extraction from merged companies, and sustained benefits from portfolio optimisation and asset monetisation.“While we acknowledge challenges such as heightened competition in Indonesia and Malaysia, uncertainties in Bangladesh, and funding requirements for fibre development in Indonesia, the group remains optimistic.“We expect to achieve full-year revenue growth targets, with EBIT growth anticipated to exceed headline key performance indicators,” he added.

This firmly establishes Link Net as a FibreCo and XL as a ServeCo, enabling both entities to scale, accelerate their organisational agility, and maximise value,” he said.

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Category: EconomyBusiness

Markets: MalaysiaBangladeshIndonesiaSri Lanka

Topics: Axiata group bhd

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-28 @ 14:24:39 (4 hours ago)

News Timezone: GMT +8:00

News Source URL: malaymail.com

Language: English

Article Length: 392 words

Reading Time: 3 minutes read

Sentences: 13 lines

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Copyright Owner: © Malay Mail

News ID: 23914190

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