Celcom Axiata rings in RM2.1b net profit

Telecommunications provider, Celcom Axiata Bhd, has registered a net
profit of RM2.1 billion for the financial year ended Dec 31, 2011.


The figure is 11 per cent higher when compared to the RM1.89 billion recorded in 2010.


Revenue rose six per cent to RM7.23 billion from the RM6.85 billion
posted in 2010, driven mainly by higher subscribers on the back of an
attractive product offering of bundled packages.


Its Chief Executive Officer Datuk Seri Shazalli Ramly said the
current revenue growth was the strongest since the last fourth quarter
in 2009.






"Celcom closed the year with 12 million subscribers, adding 542,000 more
in the last quarter, promising greater opportunities for the company
this year in respect of achieving consistent and strong traction in both
revenue and profitability.


"We have evidently proven ourselves in meeting consumer demands at
any cost while maintaining our top position," he told a media briefing
here, today.


Celcom is expected to continue to prioritise non-voice services,
emphasising data access and innovative content offerings, while at the
same time resuscitating voice usage.


Shazalli said Celcom has allocated RM1 billion for capital
expenditure this year, to be largely spent on information technology
development.


"We will continue to deliver a comprehensive suite of access
mediums, including mobile and high speed broadband, with the aim of
having more WiFi hotspots in the country," he added. -- Bernama