Categories: News

DiGi Reports Lower Q4 Earnings

DiGi reports its earnings for Q4 has taken a toll due to higher traffic cost coupled with lower average revenue per user (ARPU).

Net profit slipped to RM282.2mil in the fourth quarter ended Dec 31 against RM293mil a year ago.

In filing with Bursa Malaysia yesterday, DiGi said its ARPU came in marginally lower at RM58 per month due to lower average price per minute.

For the full financial year, its revenue expanded 10% to RM4.8bil, driven by steady demand for mobile services and an increase in subscriber base, reaching 7.1 million as at end-2008.

Net profit rose 7.4% to RM1.14bil. However, the group’s (earnings before interest, tax, depreciation and amortisation) margin was lower at 45.1% compared with 48.4% in FY07 because of competitive price pressure, higher traffic, network operating costs and higher sales and marketing expenses.

Going forward, DiGi opines that the telecommunications industry will continue to offer good growth prospect in the long term and be resilient to a slowdown in the local economy.

For FY09, the group aims to achieve an operating cashflow similar to or better than FY08.

[SOURCE]

Recent Posts

Yes 5G now lets you roam in 12 countries including South Korea from RM10/day

Yes 5G has expanded its Yes Roam ASEAN Plus Data Roaming offering which now covers…

3 hours ago

This foldable smartphone redefines its segment with next-level design and performance

This post is brought to you by HUAWEI. In Q1 2024, HUAWEI captured an impressive…

18 hours ago

TM confirms staff and contractors involved in cable theft incident in Penang

Telekom Malaysia (TM) has acknowledged a cable theft incident in Tanjung Bungah, Penang involving their…

20 hours ago

Acer Revo Box Mini PC launched in Malaysia – 13th Gen Intel Core i5 & i7, priced from RM2,049

Acer has launched the Acer Revo Box Mini PC here in Malaysia. Offered in two…

22 hours ago

Proton e.MAS 7 EV supports wireless Android Auto, Apple CarPlay

One of the most common questions that we get whenever there is a new car…

23 hours ago

Samsung Galaxy S25 series launch happening on 22 January 2025?

As 2024 comes to an end, Samsung appears to be preparing for the launch of…

1 day ago

This website uses cookies.