Header Ads

Celcom Axiata net profit decrease 23.3%

Celcom Axiata Bhd's net profit had decreased 23.3 per cent in the first quarter to RM269 million, as compared to RM351 million recorded in the same quarter last year.
Its revenue in the same quarter slipped 3.7 per cent year-on-year to RM1.61 billion from RM1.67 billion, in line with an overall industry decline of four per cent last year.
In Q1, the company's overall data revenue increased 29.8 per cent year-on-year to RM661 million, now contributing 41 per cent to its total revenue.
The company recorded a quarterly service revenue of RM1.48 billion, with a seasonal dip of 3.1 per cent quarter-on-quarter, amidst a highly-competitive industry with negative growth.
For the quarter under review, Celcom saw a total of 10.2 million customers, a decrease from its 10.5 million subscribers at the last quarter of 2016.
The contraction was primarily in its prepaid segment in an overall depressed market.
"The decline was also (the result of) limited brand visibility and disruption challenges, which are being addressed," the company said.
Celcom chief executive officer Michael Kuehner said the company continues to stabilise despite a competitive and shrinking market.
"Concurrently, we have implemented several initiatives, which will position us to recapture some market share by the end of the year.
"In the next few months, we will reveal more changes as we work towards transforming our retail centres to experience centres, and increasing as well as building awareness on our online presence," he said at a media briefing here today.

Kuehner said besides that, the company has projected a guided capital expenditure of RM1.5 billion for this year.

No comments