Saturday, 27 October 2012

DiGi Q3 net profit rises 7.84%

Wednesday October 24, 2012

The third largest mobile operator by subscribers in the country said revenue growth in the third quarter was moderate because of the impact of its ongoing network modernisation.
“We expect better revenue momentum in the fourth quarter from network improvement and seasonality,” DiGi said.
DiGi also declared a third interim tax-exempt dividend of 4 sen per share and a one-off special tax-exempt dividend of 8 sen for the financial year ending Dec 31, 2012.
Meanwhile, earnings before interest, taxes, depreciation and amortisation (EBITDA) margins for its third quarter stood at 45.2% from 47.6% in the second quarter.
“The quarter-on-quarter decline was on account of the lost revenue opportunities' explained earlier and IDD margin pressure.
“Nevertheless, overall EBITDA margins for 2012 should be on par with the 2011 EBITDA margin as guided,” DiGi stated.
Its chief executive officer Henrik Clausen said in a press release that the company had committed to invest between RM700mil to RM750mil this year to modernise its network to cater for the increased demand from data users and is at the halfway point of rolling out this network.
“Our ambition is to provide access to high-speed Internet and next-generation services for all our customers, and in the first nine months of 2012 we have pushed harder than ever to make data accessible and affordable to everyone on a mobile device, and meet our customers' demand for high quality mobile Internet experience,” Clausen said.

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