Astro profit up on forex gains


Astro group CEO Datuk Rohana Rozhan said in the statement:

PETALING JAYA: Astro Malaysia Holdings Bhd’s fourth-quarter net profit to Jan 31, 2018 increased 25.3% to RM181.79mil, driven by lower net finance costs due to favourable unrealised forex gains arising from unhedged non-current balance sheet liabilities.

Its earnings before interest, taxation, depreciation and amortisation (EBITDA) margins decreased by 3.6% against the previous corresponding quarter, mainly due to higher cost of merchandise sales, higher selling and distribution expenses and higher professional and consultancy fees, as a percentage of revenue.

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