KUALA LUMPUR: Astro Malaysia Holdings Bhd
recorded a decrease net profit of RM460.87 million for the monetary yr (FY) ended Jan 31, 2022 from RM539.85 million a yr in the past.
The drop was primarily because of decrease earnings earlier than curiosity, taxes, depreciation, and amortisation (EBITDA) which fell 3 per cent on increased content material and broadband prices in addition to advertising and marketing and distribution bills.
This was mitigated by decrease merchandise prices as a proportion of income, it mentioned in a submitting with Bursa Malaysia.
Its income decreased by 4.2 per cent to RM4.18 billion from RM4.36 billion beforehand, primarily because of a lower in subscription income and merchandise gross sales, offset by increased gross sales of programming rights and promoting income. Revenue in the course of the yr continued to be impacted by the COVID-19 pandemic.
On a quarterly foundation, its fourth quarter net profit for FY2022 was RM126.59 million versus RM167.83 million a yr in the past, whereas income was at RM1.03 billion and RM1.11 billion, respectively.
Looking forward in direction of the monetary yr ending 2023, Astro mentioned it’s powering up by turning into an web service supplier, bundling Astro Fibre with content material and introducing Astro Fibre standalone broadband to enhance its suite of choices, in addition to a full-scale rollout of promoting propositions.
The group will proceed to take a position in its transformation plans, in explicit content material, broadband, streaming, buyer expertise, information, promoting and know-how infrastructure to simplify processes.
The group additionally stays cautiously optimistic and can proceed to watch enterprise situations whereas managing prices.
It declared a fourth interim single tier dividend of 1.5 sen per share for the fiscal yr ended Jan 31, 2022, to be paid on April 29, 2022 with the entitlement date on April 15, 2022.
The board additionally advisable a ultimate single tier dividend of 0.75 sen per share payable on a date to be decided, topic to acquiring shareholders’ approval on the forthcoming tenth Annual General Meeting of the corporate to be convened, it mentioned.
— BERNAMA
TAGS: Astro, FY2022, subscription, web service supplier, interim dividend
