Wednesday, 25 April 2012

DiGi.Com 1Q net profit dips 3.24% to RM320.64m

KUALA LUMPUR (April 25): DIGI.COM BHD [] net profit for the first quarter ended March 31, 2012 dipped 3.24% to RM320.64 million from RM331.39 million a year earlier.

In a statement Wednesday, DiGi said revenue for the period grew 9.7% to 1.57 billion from RM1.43 billion in 2011, due mainly to data revenue which accounted for close to 31% of total revenue.

Earnings per share was 4.12 sen compared to 4.26 sen a year earlier.

DiGi will pay a first interim tax exempt dividend of 5.9 sen per ordinary share for the financial year ended Dec 31, 2012 on June 8 June this year.

Commenting on its revenue, the company said growth came on the back of continued momentum in its business transformation programme.

Its chief executive officer Henrik Clausen said the telco had seen a steady increase in demand for mobile internet with 5.3 million mobile internet users as of March 31, 2012.

“We believe we will continue to see a significant increase in the number of active mobile internet customers in the coming years, and we will focus our investments on building the right infrastructure and services to enable us to truly deliver the promise of mobile internet to more Malaysians,” said Clausen

In a separate announcement, DiGi said its wholly owned unit DiGi Telecommunications Sdn Bhd (DiGiTel) will undertake a capital distribution of about RM495 million to DiGi on the basis of cash repayment of 99 sen for every one existing share of RM1 each in DiGiTel.

“Upon receipt of the cash proceeds from DiGiTel, DiGi expects to distribute approximately RM495 million (less expenses) representing 64 sen per share to its shareholders,” it said.

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