Axiata president and group CEO Tan Sri Jamaludin Ibrahim said: “The group’s 2019 performance reflects the well-executed strategies and adjustments made in response to the hyper competitive and fast shifting industry landscape. We made a commitment it will be a promising 2019 and I am pleased to say we delivered!”
KUALA LUMPUR: Axiata Group Bhd
posted a set of stellar results for the fourth quarter ended Dec 31,2019 and also for the financial year, which was a turnaround from the losses in FY18 where there was a one-off impairment.
In a statement to Bursa Malaysia on Friday, it announced net profit of RM332.56mil in the fourth quarter compared with a net loss of RM1.43bil a year ago.
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