Cost discipline keeps Astro Q1 earnings steady


According to Maybank Investment Bank (IB) Research, the regulator is in talks with ISPs to deny Internet access to Android TV boxes - a move that will ultimately benefit players such as Astro Malaysia Holdings Bhd.

PETALING JAYA: Astro Malaysia Holdings Bhd said subscription revenue in the first quarter fell, but earnings steadied on group's efforts to optimise content cost and operating expenses.

The pay-TV operator, in a statement today, said net profit in the three months ended April 30 improved to RM176.2mil from RM174.73mil registered a year ago.

Win a prize this Mother's Day by subscribing to our annual plan now! T&C applies.

Monthly Plan

RM13.90/month

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

Industrial projects look increasingly attractive
Dutch Lady’s balancing act amid escalating costs
Demand for co-working space remains resilient
Fed dampens hopes for rate cut
F&N to use cost management measures
Changing office space requirements
Naza makes entry into green economy
CapBay aims to provide financing to more SMEs
New initiative for infrastructure needs in Perak
Ocean Fresh seeks ACE Market listing

Others Also Read