Operational efficiencies to balance forex losses for Axiata Q1 results


PETALING JAYA: With Axiata Group Bhd set to release its first quarter results to March 31, 2012 today, analysts are expecting flattish growth due to the depreciation of currencies in the countries that it operates, but supported by a rebound in its operational efficiencies. There are no dividends expected as Axiata usually declares them semi-annually.

MIDF Investment analyst Imran Yusof is expecting Axiata's first quarter net profit to account for 22% to 23% of its full year estimate.

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