Axiata Group 1Q19 revenue up 4.3% y-o-y to MYR5.9bn; profit surges after M1 sale

29 May 2019

Kuala Lumpur-based regional telecoms giant Axiata Group has reported revenues of MYR5.9 billion (USD1.4 billion) for the three months ended 31 March 2019, up 4.3% compared to MYR5.7 billion in the first quarter of 2018. EBITDA rose 7.7% y-o-y to MYR2.2 billion in 1Q19 on the back of double-digit growth at the group’s XL (Indonesia), Dialog (Sri Lanka), Robi (Bangladesh), Smart (Cambodia) and edotco (infrastructure) businesses.

Profit attributable to the owners for the period under review reached MYR709.1 million, compared to a loss of MYR147.4 million one year earlier. Axiata credits the improved bottom line to the sale of its stake in Singaporean mobile player M1 in March.

Malaysia, Axiata