| Strong Rebound in Third Quarter as Movement Restrictions Eased - 27/11/2020 |
| AXIATA |
| TELECOM/ICT Operators and Service Providers | Asia & Pacific | Malaysia |
| Axiata Group Berhad bounced back in the third quarter ended 30 September 2020 (“3Q20”) to post better-than expected financial performance on the back of easing of lockdowns across the markets, bolstered also by solid fundamentals and operational resilience. On a reported basis, 3Q20 revenue recorded 5.5% increase QoQ at RM6.1 billion driven by contribution from all Operating Companies (“OpCos”) except XL2 . Earnings Before Interest, Tax, Depreciation and Amortisation (“EBITDA”) increased by 9.9% to RM2.8 billion while Profit After Tax and Minority Interest (“PATAMI”) surged over 100% to hit RM353 million underpinned mainly by higher toplines and other operating incomes as well as lower depreciation and amortisation (“D&A”). |
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