DiGi Q1'13 result

Nothing excited from DiGi's Q1'13 result which is released this afternoon.  Just slightly better than Q1'12 and declared 3.8 cents interim dividend with payout ratio 90%.

 

DiGi Q1 earnings up 2.5% to RM328.64m, dividend 3.8 sen

KUALA LUMPUR: DiGi.Com Bhd's earnings rose 2.5% to RM328.64mil in the first quarter ended March 31, 2013 from RM320.63mil a year ago.

It said on Tuesday its revenue rose 4.9% to RM1.64bil from RM1.57bil. Earnings per share were 4.23 sen. It declared an interim tax-exempt dividend of 3.8 sen a share,.

DiGi said the higher revenue was mainly driven by mobile Internet revenue which grew 55% on-year, from a larger base of 5.8 million mobile Internet customers, including 3.0 million smartphone users.

Its chief executive officer Henrik Clausen said the steady revenue growth was mainly due to the company's increased focus on driving continuous quality improvements in its data network, expansion of its 3G footprint, and solid momentum in its ongoing network modernisation programme.

"These efforts resulted in higher usage and a larger number of customers in the data segment during the quarter, while providing us with a strong foundation to continue delivering on our promise of mobile internet to more Malaysians, including making LTE available to our customers by the end of the second quarter," he said. - Reuters