Despite headwinds, Astro group chief executive officer Henry Tan said the group remains steadfast in executing its transformation plan and streaming aggregation strategy.(Flle pic)
KUALA LUMPUR: Astro Malaysia Holdings Bhd
’s net profit for its first quarter ended April 30, 2022 dropped to RM100.02mil from RM141.25mil in the previous corresponding period, mainly due to a decrease in earnings before interest, taxes, depreciation and amortisation (ebitda) and higher net financing costs.
In a filing with Bursa Malaysia yesterday, the pay-TV operator said its ebitda margin decreased by 2.5% against the previous corresponding quarter.
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