Astro’s Q1 net profit almost doubles to RM141mil

PETALING JAYA: Astro Malaysia Holdings Bhd has recorded a net profit of RM141.25mil for its first financial quarter ended April 30, a 91.29% increase year-on-year (y-o-y) from RM73.84mil.

This was mainly due to lower content costs and impairment of receivables, offset by higher merchandise costs, marketing and distribution costs and licence, copyright and royalty fees as a percentage of revenue.