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UPDATE: Malaysia's Axiata Swings To Profit; Warns Of Weak 2018

By Alexander Winifred
Nikkei Markets
Adds comments from CEO and CFO
KUALA LUMPUR (Feb 22) -- Malaysia's Axiata Group swung to a profit in the fourth quarter and raised its dividend for this year, but warned that revenue and operating earnings may not grow in 2018 if the Malaysian ringgit continues to strengthen.

Axiata, the nation's largest mobile phone company, Thursday reported net a profit of 24.73 million ringgit ($6.43 million) for the three months ended December, compared with a net loss of 309.50 million ringgit a year ago.

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