In the nine-month period of financial year 2020 (FY20), Axiata’s profit after tax and minority interests of RM547.2mil was above expectations, coming to 102% and 85% of Kenanga’s and consensus full-year estimate due to better-than-expected numbers from Celcom, Dialog and NCell.
PETALING JAYA: Kenanga Research has raised its earnings forecast for Axiata Group Bhd
due to a recovery in the overall performance of its operating companies (OpCos).
In the nine-month period of financial year 2020 (FY20), Axiata’s profit after tax and minority interests of RM547.2mil was above expectations, coming to 102% and 85% of Kenanga’s and consensus full-year estimate due to better-than-expected numbers from Celcom, Dialog and NCell.
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