Axiata 3Q net profit dips marginally

KUALA LUMPUR: Axiata Group Bhd’s net profit declined 1% to RM349.56mil in the third quarter ended Sept 30 (3Q21), against RM352.99mil in the same period a year.

This is mainly due to higher depreciation and amortisation and foreign exchange losses, partially offset by higher top lines, lower finance costs on the back of lower borrowings and lower taxes.