KUALA LUMPUR: DiGi.com Bhd’s net profit for its first quarter ended March 31, 2015 slipped 1.2% to RM479.21mil from RM485.15mil a year ago due to seasonally higher device sales and impact from lower margins.
It said on Monday its revenue was down 4.3% to RM1.791bil from RM1.717bil a year ago.
Earnings per share were 6.16 sen against 6.24 sen a year ago. DiGi declared 6.1 sen dividend for the quarter.
The group said the lower earnings were due to seasonally higher device sales and impact from lower margins.
However, the group said its strong data momentum seen in 2014 continued to pick up in 2015, with data revenue rising by 17.7% from a year ago.
DiGi’s data revenue now account for 42.3% of the group’s overall service revenue, up 5.6 percentage points from the same period last year.
DiGi recorded strong subscriber growth during the quarter strengthening its customer base by 270,000 to 11.7 million. Post-paid subscriptions also significantly bolstered at a record three-year high in the quarter, it said.
“The increased number of Internet subscribers, which grew rapidly by 30.6% to more than 6.6 million customers at the end of the first quarter, will pave the way for future service revenue,” the group said.
The group added that capital expenditure spent for the quarter of RM193mil was within planned network and infrastructure expansion to deliver 3G and LTE coverage to 86.4% and 33.3%, respectively.
