Axiata hit by asset impairment, maintains strong operating performance

FILE PHOTO: A general view of the Axiata headquarters building in Kuala Lumpur

KUALA LUMPUR: Axiata Group Bhd has maintained a strong performance in its continued operations, and is on track to meeting 2023 headline key performance indicators (KPI), said group CEO and managing director Vivek Sood.

In the third quarter of 2023, the telco's net loss widened to RM797.41mil, as compared to RM52.4mil in the same 2022 quarter, as it was affected by asset impairment due to the reclassification of Ncell as an asset held for sale following its decision to exit Nepal.