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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Baidu net profit jumps 25%, forecasts strong growth

China’s search engine giant Baidu reported a 25 per cent increase in profit last year, with mobile again a key driver of its topline growth, which it has forecast at 33-37 per cent in Q1. The company said mobile search …

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KT’s net loss widens to $888M on one-off costs

South Korea’s KT today reported a net loss for 2014 more than 15 times higher than in 2013 due mainly to the one-off cost of a voluntary retirement programme. Its net loss last year expanded to KRW965.5 billion ($888 million) …

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