Axiata Group Berhad (“Axiata”) today announced that the Group has renewed President and Group CEO, Dato’ Sri Jamaludin Ibrahim’s contract for another three years. Dato’ Sri Jamaludin Ibrahim has been CEO since 2008, at the point of Axiata’s, then TMI, demerger from TM and has been instrumental in steering the group through difficult macro-economic conditions as well as hyper competition. Under his stewardship, Axiata has seen revenue grow by about 40%1 and profits almost quadrupling2. Similarly, the Group’s cash position has almost doubled to RM6.3 billion, in just two years. By the end of 2010, Axiata’s total subscriber base expanded to 160 million, up 80% from 2008, making the Group one of the largest telcos in the region. The Group also recently announced its maiden dividend of 10 sen per share (single tier), a 32% payout.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment