DIGI Post RM1.5b Profit
Filed Under (Market News) by Webmaster on 06-02-2009
Tagged Under : DIGI, profit
It was reported in Bernama that DIGI.COM Bhd posted a pre-tax profit of RM1.5 billion for the financial year ended December 31, 2008 from RM1.4 billion the previous year.
The company recorded higher revenue of RM4.8 billion against RM4.4 billion previously.
In a statement in Kuala Lumpur today, DiGi said the rise in revenue was driven by steady demand for mobile services and an increase in subscriber base to 7.1 million at the end of 2008.
Average revenue per user (ARPU) was maintained at RM59.
“We are pleased to have met our financial guidance despite intense competition and a more challenging macro-economic environment towards the second-half of 2008. Encouragingly, we are gaining positive momentum for our postpaid business as seen in the significant increase in subscriber base by 56 per cent, surpassing the one million mark,” DiGi’s chief executive officer Johan Dennelind said.
Looking forward, DiGi sees a challenging year ahead but remain cautiously optimistic of growth opportunities.
“We are excited to be able to bring Internet to the people with the launch of our 3G and mobile broadband services soon. It will open up new revenue streams for the company and more importantly, an opportunity for DiGi to bring a fresh broadband experience to Malaysians,” Dennelind said.
DiGi has recommended a final single-tier exempt dividend of 53 sen per ordinary share for the financial year ended December 31, 2008.
