Astro posts RM106mil profit in 3Q, declares 1.5 sen dividend


KUALA LUMPUR: Astro Malaysia Holdings Bhd, which posted a net profit of RM105.91mil in the third quarter ended Oct 31 (Q3FY22), has declared a third interim dividend of 1.5 sen per share.

The entitlement date for the dividend is on Dec 24 and payable on Jan 7, 2022.

In the third quarter, Astro’s revenue dipped marginally to RM1.02bil against RM1.1bil in the same quarter a year ago. Its earnings per share for the period stood at 2.03 sen against 3.15 sen posted a year ago.

For the first nine months, Astro’s net profit fell 10.14% year-on-year (y-o-y) to RM334.29mil from RM372.02mil as revenue dipped by 3.28% to RM3.14bil against RM3.25bil last year.

Astro said while its advertising expenditure (adex) grew 2% y-o-y to RM303mil in 9MFY22, its Q3FY22 Adex declined by 5% quarter-on-quarter due to the lockdowns.

However, with the reopening of the economy, adex and enterprise began to see recovery in October.

“Radex, TV Adex and Digital Adex share stood at 76%, 35% and 2% respectively. With 60 new online radio stations launched, SYOK grew its digital presence in the audio space and saw podcast listens increasing 27% y-o-y to 761,000.

“Astro Radio brands continued to rank No.1 across all languages, reaching 17.2 million weekly radio listeners (FM and digital), while Astro digital brands registered over 14.7 million monthly unique visitors,” Astro said in a statement.

Astro chairman Tun Zaki Azmi said Astro’s Q3FY22 results remained resilient despite the lockdowns.

He added that Astro continued to be cash generative, cost disciplined, and proactive in its capital management.

Group chief executive officer Henry Tan said its aggregation strategy execution is well on track.

“We recently launched the all-new Astro experience, with Netflix being the first of many apps to be integrated directly onto Ultra Box, allowing our customers to stream content from these apps seamlessly. They can now enjoy the best of global streaming services with our flagship shows and live sports all in one place on Astro.”

“Over 500k homes are already on Ultra and Ulti Boxes, including the self-installed Plug & Play version that runs solely on broadband. Meanwhile, Astro GO has one million monthly active users with an average weekly viewing time of 4.2 hours, while On Demand videos streamed grew 189% to 387 million.

“In 9MFY22, our broadband base increased by 83% y-o-y as more customers bundled broadband with content for convenience and value,” he said.

Tan said the recent signing of access and wholesale agreements with Telekom Malaysia lays the foundation for Astro to become an internet service provider, further strengthening the product bundling proposition and value that we will be able to bring our customers.

“The group continues to invest in its transformation plans, in particular broadband, streaming, customer experience, data, addressable advertising and technology infrastructure to simplify our processes, reduce overheads and, most important, to better serve our customers,” he added.

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Astro , adex , dividend , Ultra Box , Astro GO

   

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