PETALING JAYA: Axiata Group Bhd
recorded a net loss of RM147.4mil for the first quarter, down from a net profit of RM239mil a year ago, mainly attributed to losses on dilution of the group’s investment in India.
The group’s revenue for the period ended March 31, 2018, also decreased by 2.3% to RM5.75bil due to unfavourable forex translation arising from the stronger ringgit, compared with the same quarter last year (1Q17), from all its major operating companies except for the Malaysian mobile operating entity.
Already a subscriber? Log in
Save 30% OFF The Star Digital Access
Cancel anytime. Ad-free. Unlimited access with perks.
