Telecommunications giant Axiata Group Bhd announced stronger-than-expected quarterly earnings, with net profit increasing by 15% year-on-year. Boosted by this positive news, the company's share price rose by 2.1% on Monday. The robust performance was attributed to improved operational efficiencies and subscriber growth across its regional markets, signaling a positive outlook for the company's future.
Telecommunications giant Axiata Group Bhd (stock code: 6888) announced its latest quarterly results on Monday, which exceeded market expectations. The company reported a 15% year-on-year increase in net profit, reaching RM380 million, primarily driven by strong performance in its regional markets and effective cost control measures. This positive news immediately boosted investor sentiment, with Axiata's share price rising by 2.1% in Monday's trading to close at RM2.90. Analysts generally hold an optimistic outlook for Axiata's future, expecting its investments in digital services and infrastructure, particularly in 5G network deployment and data center businesses, to continue yielding returns.
Share: