KUALA LUMPUR: DIGI.COM BHD [] posted earnings of RM332.02 million in the fourth quarter ended Dec 31, 2010 compared with RM246.5 million a year ago.
It said on Friday, Jan 28 the earnings growth was underpinned by increased usage from an enlarged subscription base, inclusion of handset bundles plus rising revenue contributions from data services.
Revenue rose to RM1.43 billion from RM1.25 billion a year ago. Earnings per share was 42.7 sen.
DiGi declared a fourth interim dividend of 43 sen single-tier exempt dividend per ordinary share of 10 sen each for the financial year ended Dec 31, 2010.
For the year ended Dec 31, DiGi's net profit rose to RM1.18 billion from RM1 billion a year ago.
In a statement Friday, Jan 28, DiGi chief executive officer Henrik Clausen said the company recorded solid growth momentum from data revenue precipitated by attractive mobile broadband offerings and higher take-up of smart-phone bundles.
Clausen said DiGi tapped on the rapid increase in demand for quality internet access it saw in Malaysia during the year while at the same time continuing to make inroads into previously underserved markets.
'We anticipated the needs of our customers well by making access to smart phones easier and affordable with applications that are relevant to our customer base.
'This stimulated increased usage from the larger subscriber base of 8.8 million, which in turn improved overall revenue contributions of data services. Today, we have 4.2 million internet users and we foresee demand for internet trending up from both existing and new customers,' he said.
On the outlook for 2011, Clausen said DiGi would continue to actively address the rising demand for quality data services in Malaysia.
'We will prioritise network investments which include growing our 3G/HSPA coverage from the current 50% nationwide to accelerate our reach, and to cater for higher speed capacity, reliability and quality of service. Capital expenditure will be in line with 2010 to support this,' he said.
It said on Friday, Jan 28 the earnings growth was underpinned by increased usage from an enlarged subscription base, inclusion of handset bundles plus rising revenue contributions from data services.
Revenue rose to RM1.43 billion from RM1.25 billion a year ago. Earnings per share was 42.7 sen.
DiGi declared a fourth interim dividend of 43 sen single-tier exempt dividend per ordinary share of 10 sen each for the financial year ended Dec 31, 2010.
For the year ended Dec 31, DiGi's net profit rose to RM1.18 billion from RM1 billion a year ago.
In a statement Friday, Jan 28, DiGi chief executive officer Henrik Clausen said the company recorded solid growth momentum from data revenue precipitated by attractive mobile broadband offerings and higher take-up of smart-phone bundles.
Clausen said DiGi tapped on the rapid increase in demand for quality internet access it saw in Malaysia during the year while at the same time continuing to make inroads into previously underserved markets.
'We anticipated the needs of our customers well by making access to smart phones easier and affordable with applications that are relevant to our customer base.
'This stimulated increased usage from the larger subscriber base of 8.8 million, which in turn improved overall revenue contributions of data services. Today, we have 4.2 million internet users and we foresee demand for internet trending up from both existing and new customers,' he said.
On the outlook for 2011, Clausen said DiGi would continue to actively address the rising demand for quality data services in Malaysia.
'We will prioritise network investments which include growing our 3G/HSPA coverage from the current 50% nationwide to accelerate our reach, and to cater for higher speed capacity, reliability and quality of service. Capital expenditure will be in line with 2010 to support this,' he said.
No comments:
Post a Comment