Axiata achieves savings of RM1.2 bn in Q3

Axiata has revealed that it achieved savings of RM1.2 billion via RM755 million in capital expenditure (Capex) and RM490 million in operational expenditure (Opex) during the third quarter of 2022.
Axiata MalaysiaAxiata Group’s revenue rose by 11 percent to RM7.3 billion. Axiata Group EBITDA grew by 12 percent to RM3,203.6 million, while Group EBIT increased by 25.9 percent to RM1,102.2 million.

Celcom Malaysia’s revenue grew by 5.4 percent to RM1,687.2 million driven by improved prepaid performance, higher sale of devices and contribution from new subsidiaries, Infront Malaysia and Bridgenet Solutions.

XL Indonesia’s revenue increased by 13.1 percent to RM2,259.5 million, mainly due to higher prepaid data revenue, growth in the digital business and higher device sales. EBITDA grew by 8.1 percent to RM1,094.3 million.

Robi Bangladesh’s revenue grew by 0.7 percent to RM1,031.9 million, driven by higher revenue from prepaid business. EBITDA increased by 7.3 percent to RM451.4 million, flow through from higher revenue and lower operating costs.

Dialog Sri Lanka’s revenue fell by 25.5 percent to RM575.4 million, due to depreciation of the Sri Lankan Rupee against Ringgit Malaysia resulting from the macroeconomic crisis in Sri Lanka.

Ncell Nepal’s revenue fell by 3.7 percent to RM343.1 million due to lower prepaid voice and Valueadded Service (VAS) revenue. EBITDA declined by 20 percent to RM166.1 million, impacted by lower revenue and higher operating costs.

Smart Cambodia’s revenue increased by 22.5 percent to RM455.9 million, driven by higher data revenue from growth in prepaid business and one-off revenue from expiry of scratch cards. EBITDA fell by 8.6 percent to RM186.9 million, impacted by one-off additional fees charged during the current quarter for the use of microwave equipment in prior years of RM81.2 million.