DiGi nine-month profits leap 80% y-o-y

Malaysia’s DiGi Telecommunications has posted an 80% jump in net profit to MYR566 million (USD154) million for the nine months ended 30 September 2006. Turnover was up 31% year-on-year to MYR2.7 billion and EBITDA rose 36% to MYR1.2 billion, pushing its EBITDA margin up 1.7 percentage points to 45%. The revenue growth was mainly driven by the 34% increase in DiGi’s mobile customer base to approximately 5.6 million, and the fast pick up rate on non-voice revenue which constituted 19% of total mobile turnover compared with 17% a year earlier, the company said in a statement. DiGi’s majority shareholder, Telenor of Norway, will reveal further details of the company’s financial and operational performance in its own 3Q report later this week.