KUALA LUMPUR (Jan 19): DIGI.COM BHD []’s earnings rose 18.7% to RM394.22 million in the fourth quarter ended Dec 31, 2011 compared with RM332.02 million a year ago, boosted by tax incentives.
“Net profit was high in 4Q11, rising by 34.9% to RM394 million (3Q: RM292 million) and this was mainly due to tax incentives related to mobile broadband network facilities,” it said in a statement on Thursday.
Its revenue increased 8.1% to RM1.545 billion from RM1.429 billion, with mobile data revenue exceeding 30% of the group revenue.
“Against general expectations of saturation, voice revenue grew for the third successive quarter. Mobile broadband/mobile internet revenue grew 6.2% on-quarter and now accounts for more than 30% of our service revenue. SMS and value-added services (VAS) also generated higher revenue this quarter,” it said.
DiGi said earnings per share were 5.07 sen compared with 42.70 sen. It announced a fourth interim tax exempt dividend of 6.5 sen per share for FY 2011.
The effective tax rates for the current quarter and financial year ended Dec 31, 2011 of 9.7% and 22.3% respectively were lower than the statutory tax rate of 25.0%, mainly due to the utilisation of broadband network-related tax incentives by one of the subsidiaries
For the financial year ended Dec 31, 2011, its earnings rose 6.5% to RM1.254 billion from RM1.178 billion. Revenue increased 10.3% to RM5.963 billion from RM5.406 billion. Earnings before interest, taxation, depreciation and amortisation (EBITDA) margin was 46.4%.
Revenue growth for the year was underpinned by an enlarged customer base of 9.9 million, higher voice and data usage, and increased take-up of bundled offerings of smartphones and devices.
DiGi chief executive officer Henrik Clausen said: “Our Internet for All proposition continues to spur mobile data usage driven by new data-light and tablet plans, an attractive device portfolio, and reenergized and expanded customer touch-points.
“We are pleased to be gaining good traction as the smarter choice for mobile internet, as seen from increased data penetration amongst our customers. We now have 5.2 million active mobile internet users.”
For FY11, DiGi stepped up its capex investment to RM610 million from the projected RM550 million to accelerate site roll-outs and increase capacity. DiGi’s operating cashflow increased to RM2.2 billion.
“Net profit was high in 4Q11, rising by 34.9% to RM394 million (3Q: RM292 million) and this was mainly due to tax incentives related to mobile broadband network facilities,” it said in a statement on Thursday.
Its revenue increased 8.1% to RM1.545 billion from RM1.429 billion, with mobile data revenue exceeding 30% of the group revenue.
“Against general expectations of saturation, voice revenue grew for the third successive quarter. Mobile broadband/mobile internet revenue grew 6.2% on-quarter and now accounts for more than 30% of our service revenue. SMS and value-added services (VAS) also generated higher revenue this quarter,” it said.
DiGi said earnings per share were 5.07 sen compared with 42.70 sen. It announced a fourth interim tax exempt dividend of 6.5 sen per share for FY 2011.
The effective tax rates for the current quarter and financial year ended Dec 31, 2011 of 9.7% and 22.3% respectively were lower than the statutory tax rate of 25.0%, mainly due to the utilisation of broadband network-related tax incentives by one of the subsidiaries
For the financial year ended Dec 31, 2011, its earnings rose 6.5% to RM1.254 billion from RM1.178 billion. Revenue increased 10.3% to RM5.963 billion from RM5.406 billion. Earnings before interest, taxation, depreciation and amortisation (EBITDA) margin was 46.4%.
Revenue growth for the year was underpinned by an enlarged customer base of 9.9 million, higher voice and data usage, and increased take-up of bundled offerings of smartphones and devices.
DiGi chief executive officer Henrik Clausen said: “Our Internet for All proposition continues to spur mobile data usage driven by new data-light and tablet plans, an attractive device portfolio, and reenergized and expanded customer touch-points.
“We are pleased to be gaining good traction as the smarter choice for mobile internet, as seen from increased data penetration amongst our customers. We now have 5.2 million active mobile internet users.”
For FY11, DiGi stepped up its capex investment to RM610 million from the projected RM550 million to accelerate site roll-outs and increase capacity. DiGi’s operating cashflow increased to RM2.2 billion.
