Axiata posts strong net profit in first quarter


Chairman Shahril said the group’s positive start to the new financial year reflected its commitment to create value strategically as a market leader in the digital telco and infrastructure space.

PETALING JAYA: Axiata Group Bhd believes opportunities in emerging markets such as Indonesia’s under-penetrated fibre broadband market offer growth opportunities for the group.

“On a balance, Axiata believes its revenue ex-device and earnings before interest and tax (Ebit) growth to be in line with its headline key performance indicators (KPIs) for the financial year ending Dec 31, 2023 (FY23),” the telecommunications company (telco) said in a statement.

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