Digi 4Q net profit down 9% at RM343m as prepaid revenue drops
KUALA LUMPUR (Jan 22): Digi.Com Bhd reported today a 9.23% drop in fourth quarter net profit to RM342.92 million from RM377.8 million a year earlier as the mobile telecommunication network service provider contended with a drop in prepaid revenue as postpaid income grew.
Higher depreciation, amortisation and impairment besides finance cost also curbed net profit growth during the fourth quarter ended Dec 31, 2019 (4QFY19).
In a statement to Bursa Malaysia today, Digi said the group's total revenue rose to RM1.68 billion from RM1.67 billion a year ago. Digi said postpaid revenue grew 9.6% year-on-year (y-o-y) to RM731 million while prepaid revenue declined 9.7% y-o-y to RM736 million.……
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