Axiata exceeds own targets as it unveils FY12 results

21 Feb 2013

Malaysia-based Axiata has revealed what it termed ‘stellar results’ for its fiscal year ending 31 December 2012, with the telecoms group reporting an ‘all-round performance in terms of revenue and profit growth across all operating companies’, and noting that it had exceeded all of its key financial targets for the twelve-month period.

Turnover for the financial year stood at MYR17.652 billion (USD5.69 billion), representing a 7.3% increase against FY11, while Axiata noted that excluding foreign exchange impact revenue growth would have been 11.7%. Group turnover was bolstered by increased sales in Malaysia, Indonesia, Sri Lanka and Bangladesh, where the group’s units recorded revenue growth of 7%, 15%, 24% and 27%, respectively. The group total, meanwhile, was ahead of Axiata’s own guidance of 5.3% growth for the year.

EBITDA in FY12 stood at MYR7.424 billion, up 4.2% year-on-year from MYR7.124 billion, and again ahead of the group’s expectation of a 1.8% annual increase, with the growth attributed to higher revenues and a continued focus on cost management. Net income attributable to shareholders meanwhile rose by 7.1% compared to the previous fiscal year to reach MYR2.531 billion in 2012.

In operational terms, at the end of December 2012 Axiata’s total group subscriber base stood at 215.7 million, up 8% from the 199.1 million customers it reported at end-2011.

Malaysia, Axiata