Digi
KUALA LUMPUR: Digi.Com Bhd reported earnings of RM1.47bil in the financial year ended Dec 31, 2017 on the back of revenue of RM6.34bil while for 2018, it targets to improve its service revenue growth development.
It said on Tuesday it expects earnings before interest, tax, depreciation and amortisation (Ebitda) to be around the 2017 levels.
Digi said it would also continue to leverage on sustainable growth, disciplined cost management and innovating operational efficiencies.
“Digi’s 2018 guidance is service revenue growth at flat-low single digit decline while capex to service revenue ratio of 10%-12%,” it said.
In FY16, it reported earnings of RM1.63bil on revenue of RM6.59bil.
In the fourth quarter ended Dec 31, 2017, its earnings were at RM360.08mil on the back of RM1.644bil in revenue. Earnings per share were 4.63 sen. It announced a dividend of 4.6 sen a share.
Digi’s postpaid and prepaid service revenue grew 4.1% and 1.5% respectively.
This stronger sequential performance was supported by 8.7 million internet subscriber base, which includes 6.2 million 4G LTE subscribers, stimulating a 16.2% growth in data traffic on its network.
Smartphone penetration from its base also steadily increased to 72.7%; all positive indicators of Malaysians’ growing trust in the company’s quality internet service and value offerings on the most consistent 4G Plus network in town.
Digi’s CEO Albern Murty said: “We made good progress implementing our strategy in 2017, with our strong operational and financial performance, underscored by high data traction, showing the continued vibrancy of our business in this highly competitive environment. This capped a year where we delivered solid results and shareholder returns of RM1.46bil in dividends.
“Digi is well positioned for future growth, and continued sustainable shareholder and customer value creation.
“We enter 2018 with confidence founded on our investments in next-generation network and digital capabilities to capitalise on opportunities for growth – using technology to connect our customers to what matters most to them.”
In the fourth quarter ended Dec 31, 2016, it posted earnings of RM374.62mil on revenue of nearly RM1.67bil.
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