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Update Astro 1Q net profit up 12% on year to RM128m, pays 2.25 sen dividend

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Update Astro 1Q net profit up 12% on year to RM128m, pays 2.25 sen dividend Empty Update Astro 1Q net profit up 12% on year to RM128m, pays 2.25 sen dividend

Post by Cals Thu 19 Jun 2014, 03:16

Update Astro 1Q net profit up 12% on year to RM128m, pays 2.25 sen dividend
Business & Markets 2014
Written by Jonathan Gan of theedgemalaysia.com   
Wednesday, 18 June 2014 18:18

KUALA LUMPUR (June 18): Astro Malaysia Holdings Bhd's net profit rose 12% to RM128.3 million in the first quarter ended April 30, 2014 from RM114.1 million a year earlier.

Revenue rose to RM 1.25 billion from RM1.13 billion, the pay-television operator told the stock exchange today.

"The increase in net profit is mainly due to the increase in EBITDA of RM60.3m and decrease in tax expenses of RM4.7m, which was offset by an increase in depreciation of set-top boxes of RM29.3m, amortisation of software of RM8.1m and an increase in net finance costs of RM9.7m," Astro said.

Astro said revenue rose on the increase in subscription and advertising income.

The increase in subscription revenue was due to higher average revenue per user for pay-TV residential subscribers, as the number of pay-tv residential subscribers also rose.

Astro plans to pay a dividend of 2.25 sen a share for the quarter in review.

On prospects, the group said it would continue to focus on providing differentiated content, value-added products and services, and improved relevance to advertisers.

“The group has scheduled a line-up of key sporting events which attract a good following amongst our subscribers including the Brazil World Cup and BPL.

"The premier sports content is in addition to the best of local and international content that we produce, aggregate and distribute to our customers,” the company said. 
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