Digi delivers 0.9 pct Q-O-Q service revenue growth in 3Q
flat at KUALA LUMPUR: Digi.com Bhd’s (Digi) service revenue recorded stronger quarter-onquarter (q-o-q) performance in the third quarter (3Q) ended Sept 30, 2019, growing 0.9 per cent to RM1.46 billion from RM1.5 billion in the previous quarter.
In a statement yesterday, Digi said this was underpinned by solid postpaid revenue growth, improved prepaid Internet trajectory and profitable operations although intense competition in the postpaid entry level and prepaid segments continued.
Its earnings before interest, tax, depreciation and amortisation (EBITDA) for Q3 traced to RM725 million or 46 per cent, while profit after tax moderated to RM362 million, after accounting for fluctuations on nonrecurring cost effects although underlying growth trajectory improved sequentially.
“The company’s performance in the quarter reflects its persistent drive to deliver quality network experience, and more Internet access options on mobile, in the home and on WiFi, across more customer segments,” Digi said.
It said Digi’s network now connects 11.3 million customers in populated areas nationwide with a footprint of 4G longterm evolution (LTE): 90 per cent, LTE-A: 70 per cent coverage and 9,200 km of fibre network. — Bernama THE Kuala Lumpur Tin Market (KLTM) remained higher at Friday’s closing, thanks to the positive update in the US-China trade talks which have been rocking the global market for more than a year, a dealer said. The tin price on the KLTM gained US$100 to US$16,850 per tonne in line with similar performance on the London Metal Exchange, rising US$230 to US$17,105 per tonne.
“The tin price is highly influenced by the movement of copper and yesterday, copper inched higher as trade negotiators from both economic giants worked on firming up the first phase of a trade deal as part of efforts to end a protracted dispute,” he said. To recap, the latest round of trade talks between the US-China adjourned last week in Washington, and following that, the US made an announcement to suspend a tariff hike on Chinese goods. THE Malaysian rubber market ended the week on a positive note, lifted by a weaker ringgit against the US dollar and amid an anticipation of tight supply due to the prevailing wet weather.
A dealer said the local rubber market also moved in tandem with the firmer regional rubber futures markets.
At 11.30 am, the benchmark Tokyo Commodity Exchange’s ( TOCOM) TSR 20 futures rose to 140.0 yen per kg from Thursday’s close of 136.0 yen per kg, while RSS 3 was better at 153.2 yen per kg from 152.6 per kg.