Axiata swings into the black with RM134.9mil net profit in 2Q

Quick Summary:

KUALA LUMPUR: Axiata Group Bhd expects to meet its projected targets despite headwinds from increased competition in Indonesia and social unrest in Bangladesh, said group CEO and managing director Vivek Sood.

Axiata chairman Tan Sri Shahril Ridza Ridzuan said Axiata continues to focus on capital allocation towards assets that hold future potential.

"We remain focused on accelerating growth while executing Axiata’s value creation strategy," he said in a statement.

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Category: EconomyBusiness

Markets: MalaysiaBangladeshIndonesia

Topics: Telcos /Business/Business News Robi Profit Dialog Edotco Link Net XL Smart Axiata

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-08-28 @ 13:42:00 (6 days ago)

News Timezone: GMT +8:00

News Source URL: thestar.com.my

Language: English

Article Length: 391 words

Reading Time: 3 minutes read

Sentences: 17 lines

Sentence Length: 23 words per sentence (average)

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Copyright Owner: © The Star

News ID: 22288884

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