Digi, Maxis net prof­its im­prove in Q3

The Sun (Malaysia) - - SUNBIZ -

PETALING JAYA: Digi.Com Bhd and Maxis Bhd both saw im­proved prof­its for the third quar­ter ended Sept 30, 2016 de­spite mar­ginal falls in rev­enue.

Digi’s net profit for Q3 rose 10.53% to RM438.38 mil­lion from RM396.62 mil­lion a year ago.

In a fil­ing with Bursa Malaysia yes­ter­day, the com­pany said its rev­enue for the quar­ter fell 3.32% to RM1.62 bil­lion from RM1.67 bil­lion a year ago while ser­vice rev­enue fell 1.9% to RM1.55 bil­lion from RM1.58 bil­lion a year ago.

Maxis re­ported a 19.76% in­crease in its net profit for Q3 to RM503 mil­lion from RM420 mil­lion a year ago while rev­enue fell marginally to RM2.16 bil­lion from RM2.17 bil­lion a year ago.

“This was a very busy quar­ter for us as com­pe­ti­tion re­mained in­tense. We con­tin­ued to re­main re­silient in the quar­ter, ben­e­fit­ing from a well-man­aged cost struc­ture and de­liv­er­ing steady per­for­mance with earn­ings growth an­chored by stronger in­ter­net and dig­i­tal ser­vices mo­men­tum in par­tic­u­lar from our ex­panded post­paid share,” Digi CEO Al­bern Murty said in a state­ment yes­ter­day.

Digi saw earn­ings be­fore in­ter­est, tax, de­pre­ci­a­tion and amor­ti­sa­tion (ebitda) rise 7.8% to RM775 mil­lion in Q3 from RM719 mil­lion a year ago while ebitda mar­gin im­proved to 48% from 43% a year ago.

Maxis saw ebitda rise 2.5% to RM1.14 bil­lion from RM1.11 bil­lion a year ago, even as ser­vice rev­enue fell 1.9% to RM2.11 bil­lion from RM2.15 bil­lion a year ago dur­ing the quar­ter.

Blended av­er­age rev­enue per user (Arpu) fell to RM41 from RM45 a year ago for Digi, as to­tal sub­scriber base rose to 12.25 mil­lion from 11.68 mil­lion a year ago.

While Maxis did not pro­vide blended Arpu num­bers for the quar­ter, in­stead fo­cus­ing on blended Arpu for the nine-month pe­riod, which rose to RM55 from RM52 a year ago while to­tal sub­scriber base fell to 10.90 mil­lion from 11.96 mil­lion a year ago.

Digi’s net profit for the nine months ended Sept 30, 2016, how­ever fell 6.13% to RM1.26 bil­lion from RM1.34 bil­lion a year ago as rev­enue fell 5.04% to RM4.93 bil­lion from RM5.19 bil­lion a year ago.

Mean­while, Maxis’ nine-months net profit rose 18.73% to RM1.51 bil­lion from RM1.27 bil­lion a year ago, while rev­enue fell marginally to RM6.40 bil­lion from RM6.43 bil­lion a year ago.

Maxis de­clared a third in­terim sin­gle-tier div­i­dend of 5 sen per share, payable on Dec 29, 2016. The to­tal div­i­dends for the nine-month pe­riod is 15 sen per share.

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