Digi.Com Bhd’s net profit fell 11.6% to RM341.5 million in the first quarter ended March 31, 2019 (1QFY19) from RM386.11 million a year earlier, as prepaid service revenue and number of subscribers in the segment dropped.
In a statement today to Bursa Malaysia, the mobile telecommunication network provider said total group revenue slipped to RM1.51 billion from RM1.63 billion. Prepaid service revenue fell to RM769 million from RM891 million while the number of subscribers in the segment was lower at 8.4 million versus 9.19 million.
“Over the last one year, we have strategically shifted our prepaid subscriber and revenue mix to reduce dependency on legacy voice revenues and to drive healthy growth in internet subscribers and usage. Postpaid revenue grew 13.5% year-on-year and 0.6% quarter-on-quarter to RM671 million while postpaid internet revenue rose 25.3% year-on-year and 4.8% quarter-on-quarter to RM461 million,” Digi said.
Despite lower group net profit and revenue, Digi declared a dividend of 4.3 sen per share for 1QFY19. The dividend’s ex and payment dates fall on May 30 and June 28, 2019 respectively.