Axiata’s income drops 13% on rising costs at XL and Celcom

Malaysia’s Axiata Group reported a 13.3 per cent drop in its Q1 net profit as operating costs rose and growth slowed at its two largest units – Celcom and XL. The group’s net profit for the quarter fell year-on-year to MYR585 …

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Proposed taxes to drive consolidation in Sri Lanka – Fitch

The Sri Lankan government’s interim budget has proposed sharp increases in one-off and recurring taxes, which Fitch Ratings believes could speed up operator consolidation, with the number of mobile players possibly falling to three from five. The rating agency said …

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Axiata’s profit drops 8% on Celcom slowdown, forex costs

Malaysia-based Axiata Group’s profit fell last year as growth in its key Malaysia market slowed and the weak rupiah erased strong revenue gains in Indonesia. Its profit after tax and minority interests (PATAMI) in 2014 fell 7.9 per cent to …

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Axiata’s Q3 net profit falls 21% as Celcom, XL stumble

Axiata’s Q3 earnings fell sharply and revenue was down slightly as its two largest units, Celcom and XL, both faced declines in profits and revenue. The operator’s Q3 net profit decreased 21 per cent to MYR607 million ($181 million) while …

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