Axiata puts in strong performance, grows revenue

TheStar Thu, Nov 30, 2023 12:00am - 4 months View Original


The group said it maintained a stable underlying performance in the first nine months of 2023.

KUALA LUMPUR: Axiata Group Bhd has maintained a strong performance in its operations, and is on track to meet 2023 headline key performance indicators (KPI), says group chief executive officer Vivek Sook.

In the third quarter of 2023, the telco’s net loss widened to RM797.41mil, compared with RM52.4mil in the same 2022 quarter, as it was affected by asset impairment due to the reclassification of Ncell as an asset held for sale following its decision to exit Nepal.

Axiata also recorded a lower share of results from CelcomDigi Bhd compared with Celcom’s contribution as a wholly owned subsidiary.

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