Axiata’s 3Q21 net profit falls to RM349.56m

by NUR HANANI AZMAN

AXIATA Group Bhd’s net profit dipped to RM349.56 million in the third quarter ended Sept 30, 2021 (3Q21) from RM352.99 million in the same period a year ago although the mobile telecommunication network provider registering higher revenue.

Its revenue, however, widened 7.1% to RM6.54 billion from RM6.11 billion.

Axiata president and group CEO Datuk Izzaddin Idris said the group’s performance has been improving consistently each quarter.

“For the next quarter, we’re keeping a close watch on potential inflationary pressure on SIMs and delay in network equipment delivery due to the global supply chain disruption, macroeconomic and regulatory risks across several markets and slower than expected recovery in Ncell.

“On 5G rollout in Malaysia, we reiterate our support towards national digital aspirations that will benefit Malaysian consumers and businesses, and it is encouraging that discussions with the Government are moving in the right direction,” he said in a statement.