{
Axiata Group Berhad Bhd

Companies

}
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001122334455554433221100

Axiata Group reports record profit driven by subsidiary performance in FY24

Axiata Group Berhad reported a profit of 946.8 million ringgit (US$213.85 million) for FY24, more than doubling the previous year's earnings, driven by strong performance from subsidiaries like XL Axiata, Edotco, Robi, and Smart. Despite challenges, EBITDA grew by 12.3%, and net debt was reduced by 2.6 billion ringgit, improving the Net Debt/EBITDA ratio to 2.74x. However, Link Net and Dialog faced declines in revenue and profit due to competitive pressures and strategic adjustments.
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