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Axiata revenue, EBITDA lower in Q2 on 'challenging' markets
2015-08-20 09:53:00| Telecompaper Headlines
(Telecompaper) Asian mobile operator Axiata reported second-quarter revenue down 0.5 percent year-on-year to MYR 4.707 billion, while EBITDA declined 1.6 percent to MYR 1.715 billion. Net profit increased 34.2 percent to MYR 611 million and was down 2.7 percent to MYR 617 million after adjusting for one-time items. Axiata said it had a challenging first half to the year as expected, with revenue declines in its largest markets Malaysia and Indonesia not offset by growth in Bangladesh, Sri Lanka and Cambodia. Adjusted for currency effects, revenue fell 3.5 percent year-on-year in Q2 and EBITDA was down 4.6 percent, hurt by the weaker ringgit. The company said it did some small signs of improvement, with Celcom in Malaysia returning to net subscriber growth and quarterly growth in sales and EBITDA in Indonesia. Capital expenditure jumped 61.5 percent year-on-year to MYR 1.194 billion in Q2, or 25.4 percent or revenue, led by mobile data expansion in Bangladesh and Cambodia, while operating cash flow fell 66.8 percent to MYR 244 million. Net debt was stable at 1.25 times EBITDA, and Axiata had MYR 5.447 billion in cash at the end of the period. Axiata said it will remain challenging to reach its full-year targets of 4 percent growth in revenue and EBITDA, amid currency risks in Malaysia and Indonesia and increased competition in Malaysia and Bangladesh. It maintained its target for annual capex of MYR 4.8 billion.
Tags: lower
markets
revenue
challenging
China Markets Live - Early calls, price forecasts and analyst views
2015-08-20 03:05:38| Logistics - Topix.net
Chinese investors monitor stock prices at a brokerage house in Beijing as stock prices gyrate in Shanghai and Shenzhen. Photo: AP Welcome to the SCMP's live markets blog.
What last years hog markets mean for the future
2015-08-19 22:17:00| National Hog Farmer
By Justin Roelofs, AgStar Financial Services With a wide spread between October lean hog futures and current cash prices, it will be interesting to watch how these markets merge as we move into September. This is not uncommon, but given $90 cutout, it leaves some optimism that domestic demand will remain strong enough to hold cash hog prices higher than what the futures project for the fourth quarter. read more
Tags: the
years
future
markets
Creating Regional Electricity Markets Critical for Renewables in Asia
2015-08-19 20:10:00| Transmission & Distribution World
The share of renewable energy has been gradually increasing in the global electricity mix. read more
Tags: regional
critical
asia
creating
Kirin's Lion appoints MD for global markets
2015-08-14 12:04:00| Daily beverage news and comment - from just-drinks.com
Kirin's Australian drinks subsidiary Lion has promoted Matt Tapper to the newly-created role of managing director, global markets, Lion beer, cider & wine.
Tags: global
markets
lion
appoints
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