Tuesday, 23 October 2012

DiGi 3Q 2012 report





DiGi 3rd quarter for year 2012 report release today.  It's a good report with net profit up 7.84% and EPS up 7.98%.


What's an excited me is their dividend declared.  Total dividend = 4 cents (3rd interim div) + 8 cents (Special div) = 12 cents div (Single Tier).  Unexpected special dividend declared in this quarter as I thought should be 1Q next year 2013.  So, for the year 2012 up to 9 months, i.e. 3 quarters, total dividend is 23.8 cents [5.9 (1st interim) + 5.9 (2nd interim) + 4 (3rd interim) + 8 (Special)].

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DiGi Q3 earnings up 7.8% to RM313.3m, dividend 12 sen


KUALA LUMPUR: DiGi.com Bhd's earnings rose 7.8% to RM315.37mil in the third quarter ended Sept 30, 2012 from RM 292.44mil a year ago and has committed RM700mil to RM750mil to grab a bigger share of the mobile internet and broadband market.

It said on Tuesday, its revenue showed a 4.1% increase to RM1.582bil from RM1.519bil. Earnings per share were 4.06 sen compared with 3.76 sen.

DiGi announced a third interim tax exempt dividend of 4.0 sen per ordinary share and a one-off special tax-exempt dividend of 8.0 sen for FY ending Dec 31, 2012.

"The special dividend will be paid from proceeds of the two previously announced capital management initiatives and with this payment, DiGi will have completed the entire cash payout of this capital management initiative," it said.

DiGi said for the quarter under review, mobile internet customers, which also comprise customers who use feature-phones, increased to 5.6 million from 5.4 million.

Its chief executive officer Henrik Clausen said data revenue currently accounts for close to 31% of its total service revenue in the first nine months of the current financial year, and the company would continue driving focus on delivering a quality experience of its data network to ensure sustained revenue growth in this area,

For the nine-months ended Sept 30, 2012, its earnings rose 11.6% to RM960.19mil from RM860.16mil in the previous corresponding period. Its revenue increase by 7.08% to RM4.731bil from RM4.418bil.

"We had committed to invest between RM700 and RM750 million this year as part of our network modernisation programme to cater to the increased demand from data users," said Calusen.

He pointed out DiGi was at the halfway point of rolling out its modernised Tomorrow Network as it sought to provide access to high-speed internet and next-generation services for all its customers.

"In the first nine months of 2012 we have pushed harder than ever to make data accessible and affordable to everyone on a mobile device, and meet our customers' demand for high quality mobile internet experience," Clausen added.

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