Astro is perceived to be the biggest gainer should there be an intervention by the government on this matter, according to analysts.
PETALING JAYA: Astro Malaysia Holdings Bhd
’s net profit for its fourth quarter ended Jan 31, 2019 dropped to RM118.40mil from RM181.79mil in the previous corresponding period, mainly due to higher net finance costs.
The company said the higher finance cost was attributable to unfavourable unrealised foreign exchange (forex) movement arising from unhedged finance lease liabilities and vendor financing as well as lower earnings before interest, taxes, depreciation and amortisation (EBITDA).
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