Astro’s Q2 net profit almost doubled

Rohana: The company expects revenue growth in the immediate term to be underpinned by e-commerce, advertising expenditure, production revenues and the NJOI package.

PETALING JAYA: Astro Malaysia Holdings Bhd’s net profit nearly doubled to RM246.3mil in the second quarter ended July 31 despite flattish revenue, as favourable currency movement drives down its finance cost.

The group also said its earnings before interest, tax, depreciation and amortisation (EBITDA) margin improved by 9% as the proportion of content costs against revenue decreased.