DiGi announces record 3Q profits

Malaysian cellco DiGi.Com has reported net profits of MYR82.5 million (USD21.7 million) for the three months to the end of September 2004, its highest ever quarterly return, thanks to a surge in customers. The company, which is the smallest of Malaysia’s three cellcos, had 2.81 million subscribers at the end of September, up from 2.59 million at the end of June and 2.21 million at the start of the year. It cited the increasing popularity of its EDGE service offering as the main catalyst for the growth, with mobile data services contributing 14.5% of revenues during the third quarter. Group revenue for the three months stood at MYR577 million, up 33% on the corresponding period of 2003. Pre-paid customers account for 2.65 million, or 94%, of DiGi’s total subscriber base.