Digi posts Q1 FY16 earnings of RM399m, div 5.1c


CIMB Equities Research has upgraded DiGi.Com Bhd from Reduce to Hold after a 14% decline in share price year-to-date.

KUALA LUMPUR: Digi.Com Bhd's earnings improved on a quarterly basis in the first quarter ended March 31, 2016 to RM399.04mil despite a dip in revenue as it made stronger inroads into the postpaid markets.

The telco said on Friday the earnings were up 4.5% from the RM382mil in the fourth quarter ended Dec 31, 2015 (Q4, 2015). Total revenue dipped 4.2% to RM1.653bil from RM1.725bil.

Subscribe or renew your subscriptions to win prizes worth up to RM68,000!

Monthly Plan

RM13.90/month

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
   

Next In Business News

Ringgit seen trading at 4.42-4.44 with upside bias against US dollar next week
Robust earnings drive Public Bank’s profit optimism
Struggling Tan Chong faces long and rough journey
European ETFs show promising growth
Semiconductor diplomacy key to preserve relevance
Unleashing innovation in pet wellness
Bludiamond, shining bright
Will the SEZ work this time?
Emerging Asia stays steady
Equities pricey, bonds resilient

Others Also Read