Tuesday, October 26, 2010

#Flash* DiGi 3Q earnings up 18.5% to RM289.3m

KUALA LUMPUR: DIGI.COM BHD [] posted net profit of RM289.31 million in the third quarter ended Sept 30, 2010, an increase of 18.5% from RM244.08 million a year ago.

DiGi said on Tuesday, Oct 26 that revenue rose 9% to RM1.351 billion from RM1.238 billion. Earnings per share were 37.2 sen versus 31.4 sen. It declared an interim dividend of 50 sen per share.

"The board of directors has declared a third interim dividend of 50 sen single-tier exempt dividend per ordinary share of 10 sen each for the financial year ending Dec 31, 2010," it said.

DiGi said the higher revenue was largely driven by higher data revenues supported by the smart phone portfolio and bundling, on the back of a wider 3G/HSPA network which now covers 11 key market centers in Malaysia.

Chief executive officer Henrik Clausen said: ???For the third quarter specifically, we managed to achieve good revenue performance, largely driven by double digit growth in mobile broadband and mobile internet, as reflected in the 10.4% increase in data revenue, stimulated by a larger base of over 4.0 million Internet users.???

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