Tuesday, December 1, 2009

Celcom breaches 10 million subscriber mark. Continues to be the pillar of Axiata

NOT surprising. Celcom (Malaysia) Bhd, the country's second largest mobile operator, is out performing its peers over the past quarters, especially during the economic slowdown.

For the 14th consecutive quarter, it posted revenue growth on a quarter-on-quarter basis. Even DiGi.Com Bhd couldn't do that. DiGi may have posted consecutive year-on-year growth, but definitely has not posted Q-on-Q growth (yet).
Besides sales, its bottom-line has also registered Q-on-Q growth.
Its Ebitda margin has also improved slightly against second quarter, but overall, still slightly lower than what it recorded last year.
Last but not least, its subscriber base. It has for the first time exceeded the 10 million mark. It recorded a net additions of 444,000 customers last month (net additions: new customers minus customers who left). Of which, 130,000 are new postpaid customers and 314,000 are prepaid customers.

Axiata Group to beat 2009 targets as Q3 net doubles

By KP Lee of Dowjones Newswires

Malaysia-based mobile operator Axiata Group Bhd. said Monday it will exceed its full-year targets after its third-quarter net profit more than doubled due to a larger subscriber base and foreign exchange gains.

"The group has seen an acceleration of performance... across all operating companies," said Axiata, which has significant operations in Malaysia, Indonesia, Sri Lanka, Bangladesh and Cambodia.

"We are confident about our prospects for the rest of the year and of exceeding our full-year targets based on the three quarters of growth we have steadily and consistently achieved," the company said in a statement.

Axiata had earlier said it targeted revenue growth of between 6% to 11%, and earnings before interest, tax, depreciation and amortization growth of between 4% to 6% and return on equity of 4% for the year.

Axiata said in a filing to the stock exchange that its net profit for the three months ended Sept. 30 rose to MYR503.7 million from MYR243.9 million a year earlier.

Revenue rose to MYR3.38 billion from MYR3.28 billion previously due to a larger subscriber base, Axiata said

The company also posted a foreign exchange gain of MYR140.0 million against a forex loss of MYR17.5 million a year earlier.For the nine-month period, Axiata said its net profit climbed to MYR1.09 billion from MYR1.01 billion a year earlier while revenue was higher at MYR9.41 billion against MYR8.93 billion previously.

The stronger performance for the nine months was primarily led by Malaysia's Celcom and Indonesian PT Excelcomindo Pratama, which recorded on-year revenue growth of 12% and 7%, respectively, due to increased subscribers, the company said.Subscriber net additions for the group as a whole were 25.3 million.


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