PDB Registers Volume Growth in Q4 Despite Challenging Market Landscape

 |  Wednesday, 27 February 2019 12:41  |  Published in CORPORATE

Continuing on its growth trajectory since second quarter 2018, Petronas Dagangan Berhad (PDB) registered an increase of 1% in sales volume for the quarter ended 31 December 2018, against corresponding quarter last year.

In line with higher sales volume and increase in average selling prices, revenue for the quarter rose by 10% to RM7,901.4 million against the corresponding quarter in the preceding year. However, due to the significant decline in petroleum product prices in November and December 2018, PDB’s Profit Before Tax (PBT) decreased to RM70.1 million as compared to the corresponding quarter in the preceding year.

Axiata Accepts the M1 Offer, Exits Non-Strategic Investment to Realise RM1.65 billion in Cash at Premium

 |  Monday, 18 February 2019 12:16  |  Published in CORPORATE

Axiata Group Berhad via its wholly-owned subsidiary, Axiata Investments Singapore Limited has accepted the voluntary conditional general offer by Konnectivity Pte. Ltd, for the Group’s entire stake in M1 Limited for a total cash consideration of approximately RM1.65 billion at the offer premium price of SGD2.06 based on terms stipulated in the Offer documents dated 7 January 2019. 

The Group will effectively divest its 28.7 percent stake in M1 and exit its investment in Singapore with an estimated gain of RM126.5 million from this deal.

Maxis Announces New Strategy for Future Growth

 |  Monday, 18 February 2019 11:47  |  Published in CORPORATE

Maxis Berhad released its results for financial year 2018, delivering stable performance with healthy EBITDA.

Despite challenging market conditions, the year saw Maxis turning in continued strong growth and leadership in postpaid, stabilising prepaid and growth in fibre. Profit After Tax (PAT) was impacted by one-off costs in Q4, associated with the launch of a new strategy to become a converged communications and digital services company in both the fixed and mobile markets.

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