Axiata Group Berhad Third Quarter 2022 Earnings: Revenues Beat Expectations, EPS Lags

Axiata Group Berhad (KLSE:AXIATA) Third Quarter 2022 Results

Key Financial Results

  • Revenue: RM7.26b (up 11% from 3Q 2021).

  • Net loss: RM52.4m (down by 115% from RM349.6m profit in 3Q 2021).

  • RM0.006 loss per share (down from RM0.038 profit in 3Q 2021).

earnings-and-revenue-growth
earnings-and-revenue-growth

All figures shown in the chart above are for the trailing 12 month (TTM) period

Axiata Group Berhad Revenues Beat Expectations, EPS Falls Short

Revenue exceeded analyst estimates by 5.2%. Earnings per share (EPS) missed analyst estimates.

Looking ahead, revenue is forecast to grow 2.9% p.a. on average during the next 3 years, compared to a 4.9% growth forecast for the Wireless Telecom industry in Asia.

Performance of the market in Malaysia.

The company's shares are up 6.3% from a week ago.

Risk Analysis

Before we wrap up, we've discovered 2 warning signs for Axiata Group Berhad that you should be aware of.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

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