Axiata posts revenue of RM22bil for FY23

The group will continue focusing on its five strategic vectors for 2024.

PETALING JAYA: Telecommunications giant Axiata Group Bhd has announced it will be exiting the Myanmar market after posting a net loss of RM1.99bil for the financial year ended Dec 31, 2023 (FY23) on a turnover of RM22bil, compared to a net profit of RM9.75bil the year before.

This represented a loss per share of 21.7 sen in FY23 against an earnings per share of 106.3 sen in the previous year.