KUALA LUMPUR: Announcing its earnings efficiency for the primary quarter ended March 31, 2022, Digi.com Bhd
mentioned it stays on track to return to service revenue growth because it focuses on higher-value pay as you go subscribers and grows its postpaid subscription base.
For the quarter below overview, the telco reported a 3.9% y-o-y decline in pay as you go revenue, which contributed in direction of an general 2.2% y-o-y drop in service revenue to RM1.31bil.
However, postpaid revenue, which was up 2.6% y-o-y on continued subscription growth and efficient churn administration, helped to partially offset the decline in service revenue.
“Excluding the decrease margin digital section, the decline in service revenue narrowed marginally by 0.7% Y-Y, indicating regular progress in direction of the corporate’s ambition of returning to service revenue growth in 2022,” mentioned Digi in an announcement.
In 1Q22, Digi registered a 249,000 improve in postpaid subscribers to a complete of three.34 million whereas pay as you go subscribers declined by 258,000 to 6.9 million for a blended common revenue per consumer of RM42.
For the quarter below overview, Digi recorded a internet revenue of RM236.15mil, which was 10.9% decrease than RM264.82mil within the year-ago quarter due to a brief tax charge improve from the implementation of the Prosperity Tax.
Overall revenue got here to RM1.52bil, which was 1.8% decrease year-on-year (y-o-y), attributed to regular seasonal patterns from increased year-end gadget gross sales.
The board of administrators declared a primary interim dividend of two.9 sen per share, going ex on May 30, 2022, and payable on June 24, 2022.
“With extra Covid-19 associated restrictions lifted and borders reopening, we anticipate to see a rise in business and tourism actions that will drive demand for roaming providers.
“We proceed to prioritise efforts to ship to the expectations of our enterprise and client clients from all segments – from offering high quality connectivity and higher digital experiences, providing merchandise with higher worth and adaptability, to deepening our accountable enterprise commitments as we proceed constructing a model that clients have come to belief,” mentioned Digi’s performing CEO and chief advertising and marketing officer Praveen Rajan.
