DiGi Q4 net profit soars on better margins


PETALING JAYA: DiGi.Com Bhd’s net profit for the last quarter of the financial year ended Dec 31, 2013 (FY13) has more than doubled to RM548.52mil on improved margins, as the country’s third biggest telecommunications company (telco) cut subsidies on devices, while the completion of its network upgrade helped it save on operating and depreciation costs.

Revenue for the quarter rose 6% to RM1.73bil from RM1.63bil in the previous corresponding period on strong takeup for its mobile Internet services.

Limited time offer:
Just RM5 per month.

Monthly Plan

RM13.90/month
RM5/month

Billed as RM5/month for the 1st 6 months then RM13.90 thereafters.

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!

   

Next In Business News

Wall St set to open higher on tech boost, PCE data
US inflation rises in line with expectations in March
Gamuda Land announces retail partners for Gamuda Gardens
YNH reaffirms bondholders with remedied technical defaults
Ringgit ends firmer against US dollar
KPJ Healthcare partners with Trustr for AI-driven healthcare solutions
Homeritz stays positive amid economic challenges
Unisem expects performance boost amid semiconductor recovery
Gadang wins RM280mil data centre contract
S P Setia unveils Casaville single-storey bungalows in Setia EcoHill, Semenyih

Others Also Read