Axiata today said it achieved cost excellence through capital expenditure (Capex) savings of RM388 million and operational expenditure (Opex) savings of RM257 million during the second quarter of 2022.
Vivek Sood, Joint Acting CEO of Axiata said: “A majority of our operating companies have delivered solid operational results in the first half of 2022, mostly outperforming in their markets. With the improved operational performance, we are likely to exceed the headline KPIs for the year both in terms of revenue excluding device as well as EBIT growth.”
Axiata Group revenue grew by 4.9 percent to RM6,704.3 million and EBITDA grew by 7.1 percent to RM3,010.6 million.
Malaysia: Celcom revenue grew by 3.2 percent to RM1,680.5 million mainly driven by improved prepaid performance coupled with contribution from new subsidiaries, Infront Malaysia and Bridgenet Solutions, acquired to strengthen ICT solutions offering to enterprise customers, partially offset by lower device sales.
Indonesia: XL revenue increased by 13.2 percent to RM2,185.6 million, due to higher data revenue, growth in the digital business and higher device sales.
Bangladesh: Robi revenue rose by 4.7 percent to RM1,032.5 million, mainly driven by growth in prepaid business.
Sri Lanka: Dialog revenue fell by 23.8 percent to RM555.8 million, mainly due to depreciation of the Sri Lankan Rupee (SLR) against Ringgit (RM) resulting from the current macroeconomic crisis in Sri Lanka.
Nepal: Ncell revenue grew by 6.7 percent to RM365.4 million mainly due to higher prepaid and interconnect revenue.
Cambodia: Smart revenue increased by 6.2 percent to RM393.5 million, driven by higher data revenue from growth in prepaid business.