Axiata Q3 core earnings miss CIMB Research expectations


KUALA LUMPUR: Axiata Group’s core net profit in the third quarter ended Sept 30, 2014 (Q3FY14) fell 15.2% on-quarter (down 35.4% on-year) which was below CIMB Equities Research and consensus estimates.

CIMB Research said on Tuesday the core net profit missed its expectations, with 9MFY14 core net profit at 66% of its full-year forecast and 69% of consensus.

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