Axiata profit surges despite revenue drop

XTB UK Profit Surges Over 100% Despite Revenue Slide - Economy Watch

Please note that we are not authorised to provide any investment advice. The content on this page is for information purposes only. XTB Limited, the UK branch of a Warsaw-listed fintech firm, announced strong results for last year. The company’s profit before tax jumped 116% to £374,228 despite a 5% drop in total revenue to £4.51 million. This growth occurred as XTB transitioned from focusing solely on CFD trading to offering a broader range of …

Axiata profit surges despite revenue drop

Axiata Group’s profit more than doubled in Q1 2025, but a stronger Malaysian ringgit resulted in lower revenue from most of its operating units across the region. Net profit soared to MYR159.8 million ($37.8 million) from MYR60 million a year earlier, boosted by lower depreciation and amortisation and finance costs as well as forex gains. CEO and MD Vivek Sood noted despite a challenging quarter marked by volatility and macroeconomic headwinds, …