Celcom Axiata Q2 net profit higher at RM331m


KUALA LUMPUR: Celcom Axiata Bhd registered a 3.4% increase in its normalised profit after tax, amortisation and minority interests (Patami) to RM331mil, for the second quarter ended June 30, as compared to the previous corresponding quarter.

On a quarter-on-quarter basis, Celcom's normalised Patami grew by 23%.

This was on the back of higher service revenue and total revenue of RM1.5bil and RM1.62bil, marking a quarter-on-quarter growth of 1.4% and 0.7%, respectively.

Despite industry challenges, Celcom continued to stabilise with a strong overall data performance, with year-on-year data revenue growth of 27.6% to RM706mil, contributing 43.5% to the company's total revenue.

Postpaid average revenue per user (ARPU) rose to RM82 from the first quarter's ARPU of RM81 (+1.2%), while prepaid Arpu rose to RM31 from RM30 (+2.3%) during the same period.

Celcom CEO Michael Kuehner said on Tuesday the quarterly performance shows positive signs of further stabilisation in an increasingly saturated industry.

"We have improved the way we approach our consumers' needs and have streamlined our financial and operational management - measures that will sustain Celcom's continued growth," he said.

For network updates, Kuehner said Celcom will deliver on its promise for best video experience, noting that Celcom's LTE population coverage has reached 77%, at the end of the second quarter. 

The company is targeting to achieve 85% LTE population coverage by year end. 
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