Thursday, January 21

Digi Q2 pre-tax profit falls to RM483.21 mln

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KUALA LUMPUR: Digi.Com Bhd’s pre-tax profit for the second quarter (Q2) ended June 30, 2017 fell to RM483.21 million from RM575.63 million in the same period last year.

Revenue eased to RM1.55 billion from RM1.66 billion previously.

In a filing to Bursa Malaysia, the telecommunications company said, it continued to deliver solid post-paid performance in Q2 with robust post-paid subscriber growth to seal the first half of 2017 with a 10.5 per cent post-paid revenue growth.

Digi said its focus for the next six months would be to strengthen operational and financial performance, and continue to deliver on operational excellence and ensure solid execution to deliver value for our customers and shareholders.

“We will further capitalise on our robust 4G Plus network, now enhanced with LTE 900Mhz, VoLTE and VoWiFi capabilities to strengthen our products and services offering, and to drive new opportunities from enterprise business and solutions,” it said.

In a statement yesterday, chief executive officer Albern Murty, said while Q2 continued to be a challenging quarter for the industry, the company has delivered resilient performance to sustain healthy margins and returns.

“The earnings were driven by the strong uptake of our Internet and digital services offerings in the post-paid, pre-paid, enterprise sectors, and most recently, our Internet of thing business,” he said.

Murty said operational excellence remained a core priority for the quarter to ensure long-term sustainable growth, to drive market resilience while delivering relevant affordable services to customers.

“The most important thing is that the business delivered resilient earnings before interest, tax, depreciation and amortisation, with 46 per cent margin and improvements in cost efficiency, while seeing uplifts in customer base and steady average revenue per user,” he said. — Bernama