Axiata profit rebounds on group-wide growth

first_img Previous ArticleSupply issues slow Lenovo mobile recoveryNext ArticleTPG Telecom partners Rakuten on OpenRAN Tags Axiata Group returned to profit in the final quarter of 2019, with its two largest mobile businesses in Indonesia and Malaysia leading a recovery across all operating units.The Malaysia-headquartered company recorded a net profit of MYR404 million ($96.3 million), rebounding from a loss of MYR1.79 billion in Q4 2018. It attributed the improvement to a better operational performance and a one-off MYR1.8 billion impairment in the prior year.Group operating revenue was flat year-on-year at MYR6.27 billion.The operator said all of its operating companies were profitable, highlighting improvements XL in Indonesia and Robi in Bangladesh. Its domestic unit, Celcom,returned to profit despite a double-digit drop in revenue.Axiata Group chairman Ghazzali Sheikh Abdul Khalid said: “The excellent set of results delivered signals the group is on the right track with its profit and cash focus.”Mobile unitsXL revenue grew 10.5 per cent to MRY1.9 billion, driven by strong data growth. Profit returned to the black at MYR36.5 million versus a net loss of MYR896.1 million in Q4 2018. Data accounted for 89 per cent of service revenue.Celcom’s revenue dropped 10.3 per cent to MYR1.72 billion, mainly due to lower device sales, and a drop in domestic interconnect and roaming rates. Net profit of MYR247 million compared with an MRY217 loss in Q4 2018, following a 54 per cent drop in depreciation and amortisation costs due to a one-time asset write-off.Revenue at Robi grew 6.2 per cent to MYR928.6 million, boosted by strong data growth, while its Sri Lanka unit Dialog posted a 1.6 per cent rise to MYR683 million.Ncell in Nepal saw revenue drop 8.3 per cent to MYR469 million, due to declines in almost all business segments after the government lowered interconnect charges. Revenue at Smart in Cambodia grew 5.1 per cent to MYR339 million, driven by continued expansion in data revenue.Tower business edotco’s revenue rose 15.5 per cent to MYR468 million.New leadershipLast month, the company named Izzaddin Idris as the replacement for current president and CEO Jamaludin Ibrahim, who is due to retire at the end of the year.Khalid said the board is aware of the need for a smooth and successful transition, with both Ibrahim and Idris working closely in the coming months. Subscribe to our daily newsletter Back Telenor, Axiata plot Malaysian merger Related Home Axiata profit rebounds on group-wide growth SoftBank buys into Axiata digital marketing unit AddThis Sharing ButtonsShare to LinkedInLinkedInLinkedInShare to TwitterTwitterTwitterShare to FacebookFacebookFacebookShare to MoreAddThisMore 21 FEB 2020 Author Joseph Waring Joseph Waring joins Mobile World Live as the Asia editor for its new Asia channel. Before joining the GSMA, Joseph was group editor for Telecom Asia for more than ten years. In addition to writing features, news and blogs, he… Read more Axiata Group cautious on earnings AxiataCelcomDialogRobiSmartXLlast_img read more

Sex Tips for Straight Women from a Gay Man Sets Final Off-Broadway Performance Date

first_img View Comments “Sex Tips” star Grant MacDermott(Photo: Emilio Madrid-Kuser) Sex Tips For Straight Women From a Gay Man Related Showscenter_img Matt Murphy’s long-running off-Broadway comedy Sex Tips for Straight Women from a Gay Man will end its New York City run on June 23, 2018 at the 777 Theatre. The show began previews on January 22, 2014 and officially opened on February 9, 2014.”On behalf of our incredibly talented company of actors, crew and creative team members, I’d like to thank New Yorkers for embracing our uniquely interactive and upbeat brand of comedy for the past four and a half years,” said Murphy.Sex Tips for Straight Women from a Gay Man is based on the 1997 self-help book by Dan Anderson and Maggie Berman. The theatrical production, directed by Tim Drucker, currently stars Kate Gunther as Robyn, Anthony Capuano as Stefan and Grant MacDermott—who has been with the show for the duration of the run—as Dan.Sex Tips features scenic design by Luke Cantarella, costume design by Tilly Grimes, lighting design by Brian Tovar and video/sound design by Randy Blair. Show Closed This production ended its run on June 23, 2018last_img read more

Custom import duty reduced on barrels for Christmas

first_img Sharing is caring! LocalNews Custom import duty reduced on barrels for Christmas by: – December 5, 2012 52 Views   7 comments Share Tweetcenter_img Share Share The Dominica government has announced that it will again, this year, remove the customs import duty and service charges on obtaining barrels for the Christmas season.Minister with the portfolio for Ports, Rayburn Blackmoore announced on Wednesday December 5th that this is part of his government’s goal to “facilitate people, more so the downtrodden”.“It has become one of our traditions every year to have the barrels rolling”.“To qualify for this concession the barrels must be valued at EC $1500.00 and the items in the barrels must be for personal use and should not be for commercial purposes”.The contents which will be allowed are “mainly food stuff, limited items of clothing and toys”.Persons will be charged a flat rate of $10.00 for both barrels.However, persons will be expected to pay the VAT as well as the environmental levy charge which is 1.5% of the value of the cost of the package.With regards to the definition of a barrel to avoid any confusion, Blackmore said these are “boxes, packages, and drums”.Persons wishing to take advantage of this concession are advised that they “cannot come and clear your two barrels today and come back next week, you’re not qualified for that”.“You are qualified for two barrels for the implementation period” at a concessionary rate.He is hopeful that “the public will continue to maximize on that opportunity make use of that facility”.This concession will be available from tomorrow, Thursday December 6th until January 9th, 2013.He also complimented the staff of the Dominica Air & Sea Ports Authority (DASPA) for “being very, very efficient and we’re hoping to see the same level of cooperation and collaboration with the Customs this year”. Dominica Vibes Newslast_img read more