Astro Malaysia’s net profit rises

Astro chairman Tun Zaki Azmi said the full-year dividend of 8 sen represented 77% of financial year 2021 (FY21) profits, which was above its dividend policy of paying out 75% of profit after tax and minority interests (PATAMI).

KUALA LUMPUR: Astro Malaysia Holdings Bhd’s net profit rose by almost 21% to RM167.82mil in the fourth quarter ended Jan 31 (Q4’21) from RM138.91mil a year ago driven by lower net financing costs and tax expenses.

In a filing to Bursa Malaysia, the Pay TV operator said the rise in net profit was offset by drop in earnings before interest, taxes, depreciation, and amortisation (EBITDA) as well as depreciation of property, plant and equipment.