KUALA LUMPUR: Digi.Com Bhd recorded lacklustre 4Q results for its 2019 financial year with a 3.7% quarter-on-quarter (q-o-q) decline in net profit, says Affin Hwang Capital research.
Digi's 4Q19 net profit fell to RM343mil due to higher upfront devices costs for postpaid acquisitions and higher traaffic charges. This was despite a 7.4% q-o-q increase in 4Q revenue to RM1.68bil and 1.7% service revenue growth
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