KUALA LUMPUR, Feb 23 — Axiata Group Bhd’s net profit soared to RM9.77 billion in the financial year ended Dec 31, 2022 from RM818.90 million in the preceding year, driven by improvement in earnings before interest, taxes, depreciation and amortisation and one-off net gain from the Celcom-Digi merger.Consequently, the group’s Ebitda increased by 7.8 per cent year-on-year to RM9.60 billion with growth across all operating companies, except mobile operations in Sri Lanka and Nepal.
“The cash balance remains healthy at RM7.5 billion,” Axiata said in a filing with Bursa Malaysia today. Revenue for Bangladesh rose by 2.5 per cent to RM4.05 billion, mainly driven by higher revenue from growth in prepaid business.
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