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Malaysia’s Digi Reports Full-Year Revenues Up 10% February 9, 2009

Posted by aikservices in Asia, Digi, Financial, Malaysia.
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Malaysian mobile operator, DiGi has reported an after-tax-profit of RM1.1 billion (US$304 million) on the back of a 10% growth in revenue to RM4.8 billion (US$1.3 billion) in 2008. The rise in revenue was driven by steady demand for mobile services and an increase in subscriber base to 7.1 million at the end of 2008. Average revenue per user (ARPU) maintained at RM59 (US$16.35).

Commenting on DiGi’s performance in 2008, chief executive officer Johan Dennelind said, We are pleased to have met our financial guidance despite intense competition and a more challenging macro-economic environment towards the second-half of 2008. Encouragingly, we are gaining positive momentum for our postpaid business as seen in the significant increase in subscriber base by 56%, surpassing the 1 million mark.

Year-on-year, DiGi’s earnings before interest, tax, depreciation and amortisation (EBITDA) rose to RM2.2 billion (US$609 million). As expected, EBITDA margin decreased to 45.1% due to competitive price pressure, higher traffic and network operating costs as well as increased sales and marketing expenses.

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