Axiata is expected to stage profit rebound in Q3


According to AmInvestment Bank Research, the earnings expectation remained within its FY20 forecast earnings of RM526mil, which is 18% below consensus’ RM638mil.

PETALING JAYA: Following a plunge in normalised earnings for the second quarter by 79% year-on-year to RM45mil, Axiata Group Bhd’s upcoming third quarter results are expected to rebound to a net profit that will surpass its first quarter’s RM121mil.

According to AmInvestment Bank Research, the earnings expectation remained within its FY20 forecast earnings of RM526mil, which is 18% below consensus’ RM638mil.

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