明天小心
KUALA LUMPUR: Axiata Group has failed to meet the key performance indicators (KPIs) for its financial year FY08.
It managed to achieve 13.5% revenue growth compared with its headline KPI target of 16% while its EBITDA margin was 38.4% instead of 42%. As for the average returns on equity (ROE), it managed to achieve only 4.8%, which was way off its target of 14%.
Axiata said the factors for the lower KPIs were that economies of most operating countries in which it had operators were impacted by the global economic crisis.
“Early impacts include devaluation of currencies, global demand contraction, liquidity constraints and volatility of interest rates. Consequently, these factors had resulted lower reported translated revenue in ringgit at group level,” it said.
Other factors were successive quarters of inflation (up to six quarters in some operating markets) pushed up direct costs and operating expenses. Its ROE was impacted by foreign exchange loss and lower earnings contribution from associates.