​Axiata Q4 to be strong | Phnom Penh Post

Axiata Q4 to be strong

Business

Publication date
22 January 2010 | 08:00 ICT

Reporter : Post Staff and Bloomberg

More Topic

KUALA LUMPUR – Axiata Group Bhd, the Malaysian parent company of mobile-phone operator Hello, may report “strong” fourth-quarter earnings growth, helped by demand for wireless broadband amid an improving economy, CIMB Investment Bank Bhd said Thursday. Earnings may “surprise on the upside”, CIMB said in a report. Net income more than doubled during the third quarter to 503.7 million ringgit (US$148 million) from 243.9 million ringgit. However, this performance was not matched at the firm’s Cambodia arm where Axiata recorded a 5 percent slide in revenues. The company cited increased competition for the second successive quarter of falling earnings.

Contact PhnomPenh Post for full article

Post Media Co Ltd
The Elements Condominium, Level 7
Hun Sen Boulevard

Phum Tuol Roka III
Sangkat Chak Angre Krom, Khan Meanchey
12353 Phnom Penh
Cambodia

Telegram: 092 555 741
Email: [email protected]