Pay-TV company Astro delivers nearly double net profit in Q1

KUALA LUMPUR: Astro Malaysia Holdings Bhd said earnings almost doubled in the first quarter, but warned that prolonged Covid-19 lockdowns may impact its revenue.


Net profit in the three-month ended April 30 climbed 91% to RM141mil from RM73.8mil a year ago, mainly due to increased margins and lower net financing costs.

Revenue improved 1% to RM1.06bil, the company said in a filing with Bursa Malaysia today.