Low impact on Axiata profit from Myanmar ops

Kenanga Research did not rule out the possibility of a revision in sale valuations with downside bias for Edotco Myanmar.

PETALING JAYA: There is no impact on Axiata Group Bhd’s core earnings as Edotco Myanmar has already been excluded from its normalised profit after tax, amortisation and minority interest reporting.

However, the sale of its Myanmar operations will likely be further delayed following the devastating earthquake, which hit the country recently.