Over the past few years, under the stewardship of Chief Minister Datuk Patinggi Abang Johari Tun Openg, Sarawak has been placed on the fast track to developing its digital economy as part of the government’s effort to further boost Sarawak’s economic position in Malaysia. As Sarawak syncs itself with a world that’s growing constantly more […]
PETALING JAYA: Digi.com Bhd's net profit for the second quarter (Q2) ended June 30, 2018 grew 7.1% to RM384.34 million from RM358.89 million a year ago on the back of stronger earnings before interest, tax, depreciation and amortisation (ebitda), lower capital expenditure (capex) spending and higher operation cash flow.
Revenue for the quarter under review expanded to RM1.62 billion from RM1.55 billion.
The group has proposed to declare an interim dividend of 4.9 sen for the quarter under review.
For the first six months of the financial year, Digi's net profit went down 5.3% to RM770.45 milliom compared with RM732 million last year, while revenue increased to RM3.25 billion from RM3.13 billion.
Digi told Bursa Malaysia that its service revenue increased 2.1% to RM1.48 billion in Q2, underpinned by solid postpaid and internet revenue growth.
Taking cue from its strong performance in the first half of the financial year, Digi's focus for the next six months, will be on stepping up growth and efficiencies by executing strategies in focus areas of growth across postpaid and prepaid; leveraging on data driven-insights and customer segmentation; and delivering on cost agenda on a platform of sustainable and efficient cost structure.
“Albeit with continued market challenges ahead in the second half of 2018, Digi will continue to aim towards improving 2018 service revenue growth development, sustaining ebitda margin around 46%-47% and delivering efficient capex between 10%-12% of service revenue.”
The stock fell 2 sen or 0.5% to close at RM4.16 on 2.3 million shares traded.
KUALA LUMPUR: Alliance Bank Malaysia Bhd is targeting a net profit growth of 10% for the financial year ending March 31, 2019 (FY19), driven by its asset growth and transformation initiatives.
At a press conference after its AGM here today, group CEO Joel Kornreich said the bank is also eyeing a revenue growth of 6% and loan growth of 10%.
For FY19, it will scale up growth of its core transformation initiatives, which are SME banking expansion, Alliance One account and [email protected]
The bank anticipates that these strategic business focuses will help to achieve its FY19 targets.
NEW YORK, July 9 — Groupon Inc surged as much as 14 per cent after a report that the discount-slinging website is actively seeking a buyer. The merchandise and voucher vendor has approached several public companies in recent weeks to try to drum…
KUCHING: In line with the government’s call for more affordable broadband packages, Telekom Malaysia Bhd (TM) yesterday announced the revision of its headline key performance indicators (KPI) as well as the implementation of Performance Improvement Programme 2018 (PIP 2018) and the introduction of new broadband plans. In an announcement on Bursa Malaysia, TM noted that […]
KUALA LUMPUR, July 3 — Telekom Malaysia Bhd (TM) is revising its revenue growth to flat or negative 1 per cent this year from 3.5 to 4 per cent as set previously in Feb due to persistent market headwinds in the telecommunication industry. TM…