KUALA LUMPUR: Astro Malaysia Holdings Bhd recorded a decrease internet revenue of RM460.87 million for the monetary yr (FY) ended Jan 31, 2022 from RM539.85 million a yr in the past.
The drop was primarily as a result of decrease earnings earlier than curiosity, taxes, depreciation, and amortization (EBITDA) which fell 3 per cent on greater content material and broadband prices in addition to advertising and marketing and distribution bills.
This was mitigated by decrease merchandise prices as a share of income, it mentioned in a submitting with Bursa Malaysia.
Its income decreased by 4.2 per cent to RM4.18 billion from RM4.36 billion beforehand, primarily as a result of a lower in subscription income and merchandise gross sales, offset by greater gross sales of programming rights and promoting income. Income through the yr continued to be impacted by the COVID-19 pandemic.
On a quarterly foundation, its fourth quarter internet revenue for FY2022 was RM126.59 million versus RM167.83 million a yr in the past, whereas income was at RM1.03 billion and RM1.11 billion, respectively.
Wanting forward in the direction of the monetary yr ending 2023, Astro mentioned it’s powering up by turning into an web service supplier, bundling Astro Fiber with content material and introducing Astro Fiber standalone broadband to enrich its suite of choices, in addition to a full-scale rollout of promoting propositions.
The group will proceed to spend money on its transformation plans, specifically content material, broadband, streaming, buyer expertise, information, promoting and know-how infrastructure to simplify processes.
The group additionally stays cautiously optimistic and can proceed to watch enterprise situations whereas managing prices.
It declared a fourth interim single tier dividend of 1.5 sen per share for the fiscal yr ended Jan 31, 2022, to be paid on April 29, 2022 with the entitlement date on April 15, 2022.
The board additionally advisable a last single tier dividend of 0.75 sen per share payable on a date to be decided, topic to acquiring shareholders’ approval on the forthcoming tenth Annual Normal Assembly of the corporate to be convened, it mentioned.
TAGS: Astro, FY2022, subscription, web service supplier, interim dividend