KUALA LUMPUR Nov 29 Malaysian mobile phone
operator Axiata Group Bhd reported a 20.4 percent
increase in net profit for the third quarter ended Sept. 30,
according to a local stock exchange filing on Thursday.
The third quarter net profit rose to 709.9 million ringgit
from 589.6 million ringgit a year ago due to robust data
business in Malaysia and Indonesia, the company said.
Revenue climbed 8.4 percent year-on-year to 4.5 billion
ringgit on the back of steady performance in its key markets.
The company announced no dividend.
"Our momentum is strong going into the last quarter of the
financial year. Despite foreign exchange fluctuations and
slowing growth in traditional businesses, we are confident about
our prospects for the rest of the year," Axiata's president and
group CEO Jamaludin Ibrahim in a statement.
Its shares rose 1.02 percent to 5.93 ringgit per share on
Thursday, outperforming the Malaysian benchmark stock index's
0.29 percent rise.
(Reporting By Al-Zaquan Amer Hamzah)