Friday, August 27, 2010

Celcom Axiata PATAMI up 30% to RM476m in 2Q10

KUALA LUMPUR: Axiata Group Bhd's unit Celcom Axiata Bhd's profit after tax and minority interest (PATAMI) for the second quarter ended June 30, 2010 rose 30% to RM476 million, on the back of an 11% increase in revenue to RM1.7 billion.

In a statement Friday, Aug 27, Celcom said effective costs management and ongoing focus on operational efficiency saw earnings before interest, tax, depreciation and amortisation rose by 6% with margins improving by 2.5 percentage points quarter-on-quarter whilst PATAMI showed a robust increase of 8%.

Celcom said its mobile broadband maintained its position as the leading mobile broadband provider, with subscribers surpassing the 700,000 mark, it said.

The company said the overall broadband revenue growth of 89% year-on-year, contributed to 9% of total revenue, up from 5% in the same quarter last year.

As compared to the previous quarter, broadband revenue grew by 13%.

Celcom chief executive officer Datuk Seri Shazalli Ramly said the quarterly PATAMI and EBITDA growth was a testament of the excellent execution of segmented marketing strategy on top of ongoing cost management through implementation of smart spending measures.

'These achievements, as well as that of 17 consecutive quarters of revenue growth would not be possible without the Celcom employees and the best management team, a pool of talented individuals who persevere and believe in the company's transformation goals,' he said.

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