DIGI higher first quarter
Filed Under (Business News) by Webmaster on 04-05-2010
Tagged Under : DIGI
DiGi.Com Bhd’s net profit for its first quarter ended March 31, 2010 increased to RM278.26mil from RM275.44mil due to encouraging subscriber acquisitions coupled with higher usage of mobile services.
Revenue for the period increased to RM1.29bil from RM1.22bil previously.
In a note to Bursa Malaysia yesterday, DiGi said its subscriber base now stood at 7.9 million customers (versus 7.2 million in 2009).
“However, average revenue per user was lower at RM53 compared to the RM56 recorded in same quarter last year, mainly as a result of lower end-user prices,” it said.
The company also declared a first interim dividend payout of 35 sen per ordinary share of 10 sen each, payable on June 18.
On its prospects for 2010, DiGi said the improving economic environment together with its pursuit of business growth in key markets, including the fast growing mobile Internet market, would enable the company to sustain a positive growth trajectory for the year.
“The mobile Internet market in Malaysia is expected to grow significantly, based on a strong demand for quality Internet access together with more smart devices, such as the iPhone.”
DiGi said it currently had more than 1.5 million cumulative mobile Internet customers.
