KUALA LUMPUR: DiGi.Com Bhd’s net profit rose 18.7% to RM394.22 million for 4QFY11 ended Dec 31 from RM332.03 million a year earlier due to tax incentives and higher mobile data and voice usage.
The telco’s revenue increased 7.69% to RM1.54 billion from RM1.43 billion before.
It also declared a fourth dividend of 6.5 sen per share, bringing the full-year payout to 17.5 sen per share.
“Mobile broadband revenue grew 6.2% quarter-on-quarter (q-o-q) and now accounts for more than 30% of our service revenue. SMS and value-added services also generated higher revenue in the quarter,” it said.
DiGi added 303,000 new customers during the quarter to 9.9 million.
The telco said its effective tax rates for the quarter and the full year at 9.7% and 22.3% respectively were lower than the statutory tax rate of 25% due to the utilisation of network-related tax incentives by its subsidiary.
For the full year ended Dec 31, DiGi’s net profit grew 6.5% to RM1.25 billion from RM1.18 billion. Revenue grew 10.3% to RM5.96 billion from RM5.41 billion while earnings before interest, tax, depreciation and amortisation (Ebitda) margin was 46.4%.
“Revenue growth for the year was driven 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,” it said.
DiGi noted that it had stepped up its capex investment to RM610 million from the projected RM550 million to accelerate site rollouts and increase capacity. It invested RM720 million in capex in FY10.
DiGi’s operating cash flow was higher at RM2.16 billion for FY11 against RM1.68 billion a year ago due to higher revenue, effective cost control measures and relatively lower capex.
Moving forward, the telco said it aims to achieve a high to middle single-digit revenue growth in FY12 with sustained Ebitda and operating cash flow margins. “DiGi aims to launch LTE (long term evolution) services as early as possible,” it added.
DiGi shares rose 29.3% from RM3 six months ago to close at RM3.88 yesterday.
This article appeared in The Edge Financial Daily, January 20, 2012.
The telco’s revenue increased 7.69% to RM1.54 billion from RM1.43 billion before.
It also declared a fourth dividend of 6.5 sen per share, bringing the full-year payout to 17.5 sen per share.
“Mobile broadband revenue grew 6.2% quarter-on-quarter (q-o-q) and now accounts for more than 30% of our service revenue. SMS and value-added services also generated higher revenue in the quarter,” it said.
DiGi added 303,000 new customers during the quarter to 9.9 million.
The telco said its effective tax rates for the quarter and the full year at 9.7% and 22.3% respectively were lower than the statutory tax rate of 25% due to the utilisation of network-related tax incentives by its subsidiary.
For the full year ended Dec 31, DiGi’s net profit grew 6.5% to RM1.25 billion from RM1.18 billion. Revenue grew 10.3% to RM5.96 billion from RM5.41 billion while earnings before interest, tax, depreciation and amortisation (Ebitda) margin was 46.4%.
“Revenue growth for the year was driven 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,” it said.
DiGi noted that it had stepped up its capex investment to RM610 million from the projected RM550 million to accelerate site rollouts and increase capacity. It invested RM720 million in capex in FY10.
DiGi’s operating cash flow was higher at RM2.16 billion for FY11 against RM1.68 billion a year ago due to higher revenue, effective cost control measures and relatively lower capex.
Moving forward, the telco said it aims to achieve a high to middle single-digit revenue growth in FY12 with sustained Ebitda and operating cash flow margins. “DiGi aims to launch LTE (long term evolution) services as early as possible,” it added.
DiGi shares rose 29.3% from RM3 six months ago to close at RM3.88 yesterday.
This article appeared in The Edge Financial Daily, January 20, 2012.
