Celcom records huge profit of RM856 million

KUALA LUMPUR – Celcom Axiata Bhd’s profit after tax and minority interest (PATAMI) increased 65.3 percent in the third quarter of 2022 to RM856 million despite higher Prosperity Tax.

Celcom records huge profit
Celcom records huge profit of RM856 million

Earnings before interest, tax, depreciation and amortization (EBITDA) rose 12.4 percent to RM2.29 billion in the third quarter of financial year 2022, supported by ongoing cost management resulting in low operating expenses (opex) and high debt recovery, according to the company. that’s in today’s statement.

Celcom’s revenue (excluding devices) increased by 3.9 percent year-to-date (YTD) to RM4.58 billion, driven by prepaid revenue and contributions from the new enterprise subsidiary.

Its Chief Executive Officer, Datuk Idham Nawawi, said the strong performance throughout the quarter was the result of a transformation program that covered every part of the organisation.

“Kami telah memberikan prestasi kewangan yang cemerlang merentas kesemua metrik utama selain memperoleh saham pasaran bagi bahagian pasaran yang sangat kompetitif dan persekitaran makro yang mencabar,” katanya.

Idham said addressing the increasing data traffic growth remains a priority following Celcom having invested more than RM1.8 billion to accommodate the significant growth in traffic demand over the past three years.

Reason for Celcom’s Huge Profit

Celcom’s data traffic increased by 73 percent to 1.78 terabytes (TB) compared to 1.025 TB three years ago while the average monthly data usage per user has also increased by 75 percent to 26.2 gigabytes (GB) in the third quarter of financial year 2022 compared to 14.9GB in the first quarter. 2020.

Regarding the prospect of a merger between Celcom and Digi.Com Bhd, Idham said the company will start a new chapter and seal the merger on a solid foundation.

Our transformation journey has made our organization stronger and more resilient and we are starting the merger with Digi with positive momentum.

“We intend that the combined company will continue to provide quality and affordable services, connecting more Malaysians across the country,” he said. -BERNAMA

As seen on Bharian.com.my, Translated in to English