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Article: Malaysia: DiGi 3Q net profit slides 9.6%.
- Article from:
- TendersInfo
- Article date:
- October 29, 2009
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Byline: pinto03
Malaysian mobile network operator DiGi Telecommunications has released its financial results for the three months ended 30 September 2009, revealing a 9.6% year-on-year drop in net profit to MYR269.9 million (USD76.9 million).
The company attributed the decline to higher depreciation and amortisation expenses, alongside increased finance costs. Revenue for the three-month period rose, up 1.3% y-o-y to MYR1.24 billion, although average revenue per user (ARPU) fell from MYR59 to MYR55, which DiGi said was a result of decreased spend by low income customers as a result of the weak economic climate, as well as increased competition. ...