Axiata Group Bhd announced better-than-expected fourth-quarter earnings, with net profit surging 20% year-on-year. This strong performance was attributed to robust operations in regional markets like Indonesia and Sri Lanka, leading to a modest 0.5% rise in its share price. The results underscore the success of its strategic expansion initiatives.
Telecommunications giant Axiata Group Bhd today announced encouraging results for its fourth quarter of fiscal year 2025, with net profit reaching RM320 million, a 20% increase year-on-year, surpassing market expectations. This growth was primarily driven by strong subscriber growth and data service revenue in key regional markets such as Indonesia (XL Axiata) and Sri Lanka (Dialog Axiata). Group revenue also increased by 8% to RM5.8 billion. Boosted by this positive news, Axiata's share price saw a modest rise of 0.5% to RM2.98 today. Management stated that they would continue to focus on digital transformation and cost optimization to navigate the increasingly competitive market. Analysts generally hold an optimistic view of Axiata's regional growth strategy.
Share: