KUALA LUMPUR (Feb 28): 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.0
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
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.0
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
