Home Axiata's Q3 profit drops 11.2% on forex losses at XL
 

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Axiata's Q3 profit drops 11.2% on forex losses at XL

2014-11-25 08:20:00| Telecompaper Headlines

(Telecompaper) Asian mobile operator group Axiata Group saw its third-quarter revenue slightly increase by 0.3 percent year-to-date, to MYR 13.9 billion. At constant currency, revenues increased by 4.2 percent in the period. Year-to-date EBITDA fell 5.9 percent, or 2.3 percent at constant currency, driven by the impact from the acquisition of Axis. Profit after taxation and minority interests (Patami) fell 11.2 percent, mainly due to lower group EBITDA and forex losses at XL. Patami jumped 40.9 percent quarter-on-quarter, partly due to the disposal of Axiata's 24 percent stake in Samart I-Mobile (Thailand) which recorded a gain of MYR 116.7 million.

Tags: profit losses xl drops

Category:Telecommunications

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