Digi posts weaker 2Q earnings of RM220.04mil, declares div of 2.8c

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KUALA LUMPUR: Digi.com Bhd introduced weaker year-on-year (y-o-y) earnings within the second monetary quarter ended June 30, 2022, on increased internet finance prices and better tax provision because of Cukai Makmur.

Meanwhile, service income was impacted by decrease contribution from the pay as you go section.

In a press release, the telco stated stated internet revenue was down 21.39% y-o-y to RM220.04mil whereas income slipped 4.9% to RM1.54bil.

For the quarter, earnings per share was 2.83 sen, which in comparison with 3.6 sen in the identical quarter in 2021.

The group declared a second interim dividend of 2.8 sen a share, equal to RM218mil, for shareholders on the register as at Sept 1, 2022, and payable on Sept 30, 2022.

According to Digi, pay as you go service income for the quarter was down 4.1% y-o-y to RM616mil following the exit of the low-end rotational migrant section.

It stated the declining pay as you go efficiency offset the income development recorded in postpaid service income, which was up 1.13% y-o-y to RM629mil.

Blended cell common income per person remained resilient at RM42, it stated.

Nonetheless, the telco identified it was on a sequential development development provided that its service income had risen 1.3% over the quick previous quarter to RM1.33bil.

It stated postpaid income was up 0.2% quarter-on-quarter on wholesome demand for good bundles, B2B and broadband whereas the pay as you go section recorded sequential income development of 0.2%, the primary time after three consecutive quarters.

Of particular notice was enchancment within the fibre and digital segments, the place income jumped 40% q-o-q and 21.7% q-o-q respectively on increased demand for quicker connectivity and gaming actions.

“Total information visitors rose 4.9% Y-Y, whereas month-to-month common information per person stood at 21.9GB.

“Average obtain speeds additional improved to 44.1 Mbps from 42.2 Mbps within the final quarter, reflecting the corporate’s community management place and its dedication to offering the quickest and most constant community expertise to its prospects,” stated the telco.

Moving ahead, Digi appearing CEO and chief advertising officer Praveen Rajan stated the telco will proceed investing in modernising its community and increasing entry to connectivity.

“This units us in the correct tempo and course as we decide to delivering higher high quality of web expertise for our prospects, in keeping with Jendela’s aspirations, in addition to powering Malaysia’s digital financial system agenda,” he added.



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