Subang Jaya, May 2 – Digi.Com Berhad (Digi) last week reported another quarter of strong postpaid performance with revenue growth of 12.1% year-on-year alongside steady acquisition momentum.
For Q12017, service revenue stood at RM1,472 million, moderated as a flow through from the decision to rationalise legacy prepaid services to enable more sustainable earnings for the future.
EBITDA strengthened to 45% margin or RM711 million, improving by 1.0% year-on-year while ops cash flow remained steadfast at RM514 million on the back of maintaining a more robust Network and IT capabilities, and ongoing digital transformation efforts.
The company closed the quarter with 11.8 million subscribers where 8.0 million are active internet subscribers.
Digi’s CEO Albern Murty said, “This was a busy quarter for us as we focused on maintaining our margins, amid challenging market conditions. We are responding to these persistent market conditions with a long-term strategy anchored by our continued focus on postpaid, profitability and our digital transformation.”
“We have made strategic decisions with our core business today to secure future growth and profitability – that is, to deliver great, worry-free and affordable internet services over our advanced 4G+ network which has fueled solid postpaid growth in the past quarters, stabilise prepaid to enable more sustainable earnings and opportunities moving forward, pay diligent attention to improve the efficiency of our operating model while maintaining a larger network and more advanced IT infrastructure.”
“Our performance and improved profitability in the quarter is a result of our overall digitisation efforts, focus on resilience and securing our financial strength. These efforts have led to our balance sheet remaining robust with solid financial capability and flexibility to fund our investments and operational commitments to move our business forward and into the future.”