Axiata posts net loss of RM106.38mil despite improved Opcos performance in 2Q

KUALA LUMPUR: Axiata Group Bhd posted a strong operational performance in the first half of the year although bottomline fell into the red on the back of unfavourable foreign exchange and tax payments.

"This was largely due to unrealised forex losses from Dialog and Axiata due to the strengthening US dollar, higher taxes in the form of the one-off Cukai Makmur in Malaysian entities and surcharge tax in Dialog and net finance cost," the telco group said in a statement.