Thursday, July 21, 2011

DiGi up on interim dividend

KUALA LUMPUR: DIGI.COM BHD [] shares advanced on Thursday, July 21 after the company declared a tax exempt interim dividend of 30 sen per share.

At 9.25am, DiGi rose six sen to RM29.90.

DiGi said its revenue for the second quarter ended June 30, 2011 rose rose 9.7% to RM1.46 billion from RM1.33 billion, earnings per share were 30.4 sen compared with 35.8 sen.

It said the RM1.5 billion revenue was well above the RM1.3 billion reported a year ago.

DiGi's earnings, however, fell 15.1% to RM236.31 million from RM278.41 million a year ago on accelerated depreciation of RM323.76 million and also due to premium relating to the up-coming early redemption of its debt notes.

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