DiGi 4Q10 and FY10 revenues up on increased data usage

31 Jan 2011

Malaysian mobile operator DiGi Telecommunications has announced its financial results for both the three-month and twelve-month periods ended 31 December 2010. In the last three months of the year DiGi said that it had generated turnover of MYR1.43 billion (USD467 million), up from MYR1.25 billion in the same period a year earlier, while full-year revenues stood at MYR5.4 billion, up 10.1% year-on-year from MYR4.9 billion. DiGi attributed the growth to ‘momentum from data revenue precipitated by attractive mobile broadband offerings and higher take-up of smartphone bundles’. Net profit meanwhile for 4Q10 stood at MYR332 million, up almost 35% against the same period in 2009, while it posted after-tax income of MYR1.18 billion in FY10, up from MYR1 billion in the previous year. Commenting on the results, Henrik Clausen, DiGi’s chief executive officer, said: ‘We tapped on the rapid increase in demand for quality internet access we saw in Malaysia during the year while at the same time continue to make inroads into previously underserved markets.’

In terms of subscribers, at the end of 2010 DiGi claimed a total customer base of 8.8 million, while the company claimed that mobile internet subscriber numbers had risen to 4.2 million at that date.

Looking forward DiGi said in 2011 it aims to ‘continue to actively address the rising demand for quality data services in Malaysia’, with Clausen noting that network investment would be prioritised, with a view to expanding 3G/HSPA coverage from the 50% of the country it currently covers, enabling higher speed capacity and improving network reliability.

Malaysia, Digi Telecommunications