Wednesday, July 21, 2010

DiGi, Public advance on dividends

KUALA LUMPUR: DIGI.COM BHD [] and PUBLIC BANK BHD [], both of which announced their respective earnings and declared interim dividend to reward shareholders advanced in early trade on Wednesday, July 21.

At 9.25am, DiGi and Public Bank rose 10 sen each to RM23.76 and RM12.30 respectively.

DiGi reported net profit of RM278.41 million in 2Q, up 18.7% from RM234.46 million a year ago, boosted by its postpaid and data revenue.

Revenue was 10.8% higher at RM1.33 billion compared with RM1.20 billion a year ago. Earnings per share were 35.8 sen compared with 30.2 sen. It declared a second interim dividend of 35 sen single-tier exempt dividend per share of 10 sen each.

Public Bank posted net profit of RM734.08 million in the second quarter ended June 30, up 20% from RM610.74 million a year ago, underpinned by strong growth in net interest and financing income, higher non-interest income and lower loan impairment allowances.

Revenue was at RM2.68 billion, up 14% from RM2.35 billion a year ago. Earnings per share were 20.96 sen versus 17.7 sen. It declared an interim dividend of 25 sen a share compared with 30 sen a year ago. The 25 sen dividend would result in a total payout of RM657 million.

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