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Article: DiGi Q2 net profit falls
- Article from:
- New Straits Times
- Article date:
- July 23, 2009
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New Straits Times
07-23-2009
DiGi Q2 net profit falls
Edition: Main/Lifestyle
Section: Business Times
Type: Company
DIGI.COM Bhd, the country's third largest mobile operator, says its second-quarter net profit fell 21.3 per cent to RM234.5 million due to higher cost of its third-generation (3G) rollout.
However, the group remains "cautiously optimistic" for the medium to long term, as it believes it can capitalise on the changing market dynamics and grow its existing businesses as well as tap new growth opportunities.
"We are actively managing our costs to meet shareholders' expectations on cashflow and yields. In tandem with that, we have solidified our value proposition to customers, ...