Digi records net profit of RM356.05mil in Q3


KUALA LUMPUR: Digi.Com Bhd posted a net profit of RM356.05mil in the third quarter ended Sept 30, 2019, which was 9.3% less than in the previous corresponding quarter on the back of lower revenue.

Total revenue for the quarter came in at RM1.56bil or 2.34% lower than in the same quarter last year.

Digi's board of directors declared a third interim dvidend of 4.5 sen per share for the quarter.

The telco said in a satement that EBITDA stood at RM725mil or 46% margin, and it remains geared for profitable growth.

It added that strategic investment to expand its network capacity and coverage activated data growth opportunities in the quarter.

"Internet revenues increased 10.8% year-on-year (y-o-y) to 64.0% of service revenue or RM905 million, where y-o-y postpaid and prepaid internet revenues climbed 19.1% and 2.0% respectively.

"Data traffic volumes surged 49% y-o-y, across a larger base of 9.4 million internet customers using an average 12.9GB of data monthly per customer," it said.

Digi's operational cash flow stood at RM606mil or 39% margin after an additional RM119mil planned capex in Q3, bringing cumulative capex to RM548mil for network enhancements.

Net debt to Ebitda ratio stood at 0.8 times while coventional debt over total assets were reduced to 13%, within the Shariah threshold.

Digi's service revenue slipped y-o-y to RM1.46bil in Q3 versus RM1.47 in the same quarter last year.

Postpaid revenue climbed 12% y-o-y to RM717mil while postpaid Internet revenue rose 19.1% y-o-y to RM498mil. Prepaid revenue slid 11.38% y-o-y to RM740mil amid a continued decline owing to a structural shift in the prepaid revenue mix.

Average revenue per user (Arpu) for postpaid and prepaid was RM71 and RM29 respectively.

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