Astro falls almost 7% on 2Q earnings miss

KUALA LUMPUR: Shares in Astro Malaysia Holdings Bhd fell in early trade after reporting a 76% lower net profit in the second quarter ended July 31 (2Q24).

In addition, the pay-TV services provider said no dividend was declared for the quarter due to its new dividend policy to distribute dividends annually from its consolidated profit after tax and minority interest (Patami).