The growth is driven by its data business such as text messages, content downloads, and Internet surfing grew by 20 per cent to RM619 million during the period.
Read more: Celcom on way to 21st consecutive quarter of growth http://www.btimes.com.my/articles/celcom03/Article/#ixzz1PQMhd2au
Kuala Lumpur: Celcom Axiata Bhd, the country's second largest mobile operator, is likely to achieve its 21st consecutive quarter of revenue growth, helped by the continuous momentum of its data business. "Based on what we see so far in the second quarter, the momentum we are experiencing is similar. There's no drastic change in the landscape. So, that gives us a bit of comfort," said chief executive officer Datuk Seri Shazalli Ramly at a media conference yesterday. The company had been suffering drop in voice revenue recently, as stiff competition resulted in reduction in call rates. For the first quarter ended March 31 2011, the company's voice revenue suffered a 4 per cent decline to RM1.08 billion, from RM1.12 billion in the same quarter last year. Good news is that its data business such as text messages, content downloads, and Internet surfing grew by 20 per cent to RM619 million during the period, from RM516 million in the first quarter of 2010. As a result, Celcom Axiata registered its 20th consecutive quarter of revenue growth to RM1.74 billion (+2 per cent year-on-year, +0.8 per cent quarter-on-quarter). The company, which posted some RM1.8 billion in net profit last year, aims to achieve a net profit of at least RM2 billion this year. "The industry gets more and more competitive each day. We expect competition to rise in the second quarter, and even more so in the second half. That's the nature of the industry. Nevertheless, we will be pushing really hard to achieve the goal," said Shazalli. During the quarter, Celcom Axiata also added 134,000 new customers, comprising 117,000 prepaid users and 17,000 postpaid users. It now has more than 11.33 million subscribers. The company will be emphasising more on growing its data business and roaming business in the coming months. "We will be launching something big very soon, one that addresses the data segment, and one that addresses roaming," Shazalli (above) said. Celcom Axiata launched its SMS-based social network named Kolony recently. So far, there are some two million active subscribers. "This is a huge response. The active Kolony base is even bigger than our Call Me Tones active subscriber base, which is only about one million users," Shazalli added.
Read more: Celcom on way to 21st consecutive quarter of growth http://www.btimes.com.my/articles/celcom03/Article/#ixzz1PQMhd2au
Kuala Lumpur: Celcom Axiata Bhd, the country's second largest mobile operator, is likely to achieve its 21st consecutive quarter of revenue growth, helped by the continuous momentum of its data business. "Based on what we see so far in the second quarter, the momentum we are experiencing is similar. There's no drastic change in the landscape. So, that gives us a bit of comfort," said chief executive officer Datuk Seri Shazalli Ramly at a media conference yesterday. The company had been suffering drop in voice revenue recently, as stiff competition resulted in reduction in call rates. For the first quarter ended March 31 2011, the company's voice revenue suffered a 4 per cent decline to RM1.08 billion, from RM1.12 billion in the same quarter last year. Good news is that its data business such as text messages, content downloads, and Internet surfing grew by 20 per cent to RM619 million during the period, from RM516 million in the first quarter of 2010. As a result, Celcom Axiata registered its 20th consecutive quarter of revenue growth to RM1.74 billion (+2 per cent year-on-year, +0.8 per cent quarter-on-quarter). The company, which posted some RM1.8 billion in net profit last year, aims to achieve a net profit of at least RM2 billion this year. "The industry gets more and more competitive each day. We expect competition to rise in the second quarter, and even more so in the second half. That's the nature of the industry. Nevertheless, we will be pushing really hard to achieve the goal," said Shazalli. During the quarter, Celcom Axiata also added 134,000 new customers, comprising 117,000 prepaid users and 17,000 postpaid users. It now has more than 11.33 million subscribers. The company will be emphasising more on growing its data business and roaming business in the coming months. "We will be launching something big very soon, one that addresses the data segment, and one that addresses roaming," Shazalli (above) said. Celcom Axiata launched its SMS-based social network named Kolony recently. So far, there are some two million active subscribers. "This is a huge response. The active Kolony base is even bigger than our Call Me Tones active subscriber base, which is only about one million users," Shazalli added.
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