Digi Records 20% Increase In Profits For Q3 Declares Third Interim Dividend

Digi.com Berhad recorded a lower profit for its third quarter compared to the same period in 2021, profit after tax came in at RM265 million while RM313 million was registered in the preceding years quarter. Revenue for the quarter also dipped to RM1.139 billion compared to RM1.343 billion.

In terms of products, postpaid and fibre revenue lifted 1.6% quarter on quarter and 28.6%, on healthy consumer demand for smart bundles anchored on high-speed internet proposition, and continued B2B growth Prepaid, however, softened 2.3% as steady recovery in the migrant segment and good reception of Digi’s new Unlimited product cushioned the negative ARPU impact from the ending of Jaringan Prihatin programme

Profit after tax increased by 20.5% compared to quarter 2, driven by improved operating results, lower net finance cost, and lower taxes from tax penalty refund and deferred tax impact

Digi has proposed a third interim dividend of 3.4 sen per share, equivalent to RM264 million of dividend pay-out

The total mobile subscriber base grew 206K from the previous quarter to 10.7 million from healthy growth in all segments, with Postpaid and Prepaid subscribers growing 39K and 167K, respectively fibre subscribers grew 4.6K to 25.4K

Digi’s Acting Chief Executive Officer and Chief Marketing Officer, Praveen Rajan said, “Looking ahead, with macro-economic uncertainties such as risks of a global recession weighing on the market, we will remain disciplined in cost management, while continuing to invest in strategic growth areas, network improvements, and modernisation agenda. Discussions related to 5G access agreements with relevant parties are progressing well, and we’re also looking forward to completing the proposed Celcom-Digi merger this year.”

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