Malaysian mobile group Axiata has revealed increased revenues in the first three months of 2012, with the company citing ‘excellent performances’ at all of its operational units. For the three months ended 31 March 2012 Axiata generated a total turnover of MYR4.3 billion (USD?), up 8.0% year-on-year, while earnings before interest, tax, depreciation and amortisation (EBITDA) rose to MYR1.8 billion, up 4.1% against the corresponding period a year earlier. Further, with the company highlighting the increased strength of the local currency, the ringgit, it noted that revenue and EBITDA would, in fact, have been 10% and 6% higher respectively at constant currency.
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OVETEL Axiata records increased revenues, EBITDA in first quarter of 2012
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