Search form

Login - Register | FOLLOW US ON

Logo of Phnom Penh Post newspaper Phnom Penh Post - Axiata Q4 to be strong

Axiata Q4 to be strong

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.

0

Comments

Please, login or register to post a comment

Latest Video

ACLEDA’s boss on how tech is changing financial services

In today’s world of fast-changing technology, Cambodia is seeing increasing innovation in financial services.

ACLEDA President In Channy on the key to the bank’s success

Post Khmer Editor-in-Chief Kay Kimsong sat down with Dr In Channy, President and Group Managing Director of ACLEDA Bank Plc, to explore the main principle guiding Cambodia’s biggest bank.

A taste of Phnom Penh's first container night market

At the launch of Phnom Penh's newest market, The Post spoke to customers and stallholders about what the hub of bars, food stalls, shops and live music will add to the city's nightlife.