Business

Axiata’s revenue rises 7.3pc in FY2012

KUALA LUMPUR, Feb 21 – Axiata Group Bhd’s financial year ended Dec 31, 2012 results posted strong results, with its revenue surging 7.3 per cent to RM17.652 billion from RM16.448 billion last year.

Profit after taxation and minority interest grew by 7.1 per cent to RM2.5 billion while earnings before interest, tax, depreciation and amortisation jumped 4.2 per cent to RM7.4 billion.

In light of the group’s strong performance, Axiata announced an accumulative higher dividend payout of 23 sen per share and a one-off special dividend of 12 sen per share.

“In total, the combined dividend for financial year ended Dec 31, 2012, subject to shareholders’ approval, is 35 sen per share.

“The total estimated dividend to be paid for financial year 2012 will likely exceed RM3 billion, almost double the RM1.6 billion in 2011,” President and Group Chief Executive Officer Datuk Seri Jamaludin Ibrahim told a media briefing today.

He said 2012 has been an investment year for Axiata, with investments in data has already been reflected in enhanced quality of service, which saw a steady growth in data and revenue contribution in total.

“Celcom, XL and Dialog, in particular, saw strong data growth of 17 per cent, 50 per cent and 53 per cent, respectively,” he added.

The group’s mobile subsidiaries operate under the brand name Celcom in Malaysia, XL in Indonesia, Dialog in Sri Lanka, Robi in Bangladesh, HELLO in Cambodia, Idea in India and M1 in Singapore.

This year, Axiata has allocated RM4.5 billion in Capital Expenditure with a portion of RM1.9 billion will go to Indonesia.

“For Celcom, we allocated RM1 billion, particularly we want to invest on the long-term evolution and in IT and network expansion in few places,” he said.

Asked on Myanmar as the new market, Jamaludin said Axiata has expressed interest in the Myanmar market and was still awaiting approval from the Myanmar government.

“Myanmar is a big market, with huge potential and low penetration, but we are competing with many other players. Myanmar government will only issue two licences for foreign operators,” he said.

Going forward, Jamaludin said Axiata would remain focused on its long-term transformation strategy.

“This includes a new approach to the current business by defending and growing our traditional services and also investing in new businesses.

“This will have an impact on margins in the short-term, but we are confident of success in the long-term,” he added. – Bernama

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