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Wednesday, November 27, 2013

Malaysian telecoms firm Axiata posts small rise in profit, (NYSE: TRI), (TSE: TRI.TO)

Malaysia's largest mobile phone operator Axiata Group Bhd posted a small rise in third-quarter profit on Wednesday due to solid performance in Sri Lanka, Bangladesh and Cambodia. Profit in the July to September period rose 0.7 percent to 715.05 million ringgit ($222.03 million) from 709.92 million ringgit in the same period a year ago, the company said.The result beat one analyst's estimate of 661.16 million ringgit, according to Thomson Reuters data.The company, majority owned by state investor Khazanah Nasional Bhd, said a sluggish performance in Indonesia may put pressure on its business.Axiata set up a separate infrastructure company in October, in a move that is expected to result in the $500 million listing of its 19,000 tower assets.

Thomson Reuters Corporation (Thomson Reuters) is a provider of information for the world?s businesses and professionals. Shares of TRI remained unchanged at $37.50. In the past year, the shares have traded as low as $26.95 and as high as $38.73. On average, 868462 shares of TRI exchange hands on a given day and today's volume is recorded at 0.

Thomson Reuters Corporation (Thomson Reuters) is a provider of information for the world?s businesses and professionals. Shares of TRI fell by 1.46% or $-0.58/share to $39.28. In the past year, the shares have traded as low as $26.84 and as high as $40.61. On average, 952222 shares of TRI.TO exchange hands on a given day and today's volume is recorded at 1294543.



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