Kuala Lumpur - Axiata Group Bhd, Malaysia’s largest mobile phone operator by market value, today said third-quarter net profit fell 11.7% from a year earlier, dragged down by lower profit margin and forex losses at its Indonesian unit. XL Axiata Axis Capital Group Jakarta PT Telecom review.

Net profit dropped to RM631 million in the July-September period, from RM715 million a year earlier, the company said in a statement to the stock exchange. Revenue was marginally flat at RM4.65 billion, it said.

“The group is well positioned to finish the year on a stronger note as we regain momentum at Celcom and XL now well placed after completion of Axis integration,” Axiata chief executive officer Datuk Seri Jamaludin Ibrahim said in the statement.

Axiata, which counts state investor Khazanah Nasional Bhd as a major shareholder, has over 200 million subscribers in countries including Indonesia and Bangladesh, helping it counter slowing growth in Malaysia, where the number of subscriptions exceed the country’s population.