Posted Aug 6, 2021, 3:31 AM
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Join Date: Mar 2004
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ASEAN 2021
Part 61: Indonesia | Axiata Group Bhd
Axiata's Indonesian unit earnings exceeded expectations, says HLIB
By Farah Adilla - August 6, 2021 @ 8:45am
Quote:
KUALA LUMPUR: Axiata Group Bhd's Indonesian operating company, PT XL Axiata Tbk's, first half (1H) 2021 core net profit of 564 billion rupiah beat expectation, accounting for 72 per cent of consensus' full-year estimate, Hong Leong Investment Bank (HLIB) Research said.
The bank-backed research firm said the positive surprise was due to lower-than-expected depreciation and amortisation (D&A), net finance expense and effective corporate tax rate.
Besides that, HLIB said XL Axiata added 750,000 to its total subscribers base or 1.3 per cent quarter-on-quarter (QoQ) to 56.8 million, as both prepaid and postpaid saw positive developments.
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https://www.nst.com.my/business/2021...ions-says-hlib
Last edited by nazrey; Aug 9, 2021 at 6:02 AM.
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