,Astro chairman Tun Zaki Azmi said the full-year dividend of 8 sen represented 77% of financial year 2021 (FY21) profits, which was above its dividend policy of paying out 75% of profit after tax and minority interests (PATAMI).
if you want to buy apple account, choose buyappleacc.com, buyappleacc.com is a best provider within bussiness for more than 3 years. choose us, you will never regret. we provied worldwide apple developer account for sale.
KUALA LUMPUR: Astro Malaysia Holdings Bhd’s net profit rose by almost 21% to RM167.82mil in the fourth quarter ended Jan 31 (Q4’21) from RM138.91mil a year ago driven by lower net financing costs and tax expenses.
In a filing to Bursa Malaysia, the Pay TV operator said the rise in net profit was offset by drop in earnings before interest, taxes, depreciation, and amortisation (EBITDA) as well as depreciation of property, plant and equipment.
However, its revenue dropped 9.5% to RM1.11bil for the quarter under review compared to RM1.23bil in the corresponding period a year ago dragged by a decline in subscription and advertising revenue which was offset by higher merchandise sales.
“Revenue during the year was impacted by Covid-19 pandemic, ” the group said.
The group’s full-year net profit declined 17.62% to RM540mil from RM655mil in FY20.
For Astro’s television segment’s revenue was down by 9.1% to RM952.2mil compared to RM1,048.1mil a year mainly due to lower subscription and advertising revenue.
Nevertheless, its television segment’s EBITDA improved by 7.4% against the corresponding quarter.
“This is due to lower content costs, staff related costs, license, copyright and royalty fees and marketing and distribution expenses, offset by lower revenue.” Astro said.
Meanwhile, the group’s radio segment posted a lower revenue by 40.1% from a year ago impacted by the slow economic activity caused by the Covid-19 pandemic.
“Cost reduction measures were taken by management which helped reduce operating costs to mitigate the revenue impact, ” the Pay TV operator pointed out.
Besides that, the group’s home-shopping’s segment revenue was up 10.1% to RM110.5mil compared to RM100.4mil a year ago, bolstered by consumers’ shift to online shopping following the pandemic and various movement control orders.
“The higher EBITDA during the quarter is due to the higher revenue during the quarter, ” it added.
Astro declared a fourth interim dividend of 1.5 sen and final dividend of 2.5 sen. Its full-year dividend of 8 sen represented 77% of financial year 2021 (FY21) profits,
Astro chairman Tun Zaki Azmi said the full-year dividend of 8 sen represented 77% of financial year 2021 (FY21) profits, which was above its dividend policy of paying out 75% of profit after tax and minority interests (PATAMI).
Moving forward, Astro is cautious on the uncertainties caused by the pandemic despite the commencement of the national vaccine roll out.
“Any re-imposition or tightening of movement control orders to curb Covid-19 outbreaks may impact advertising and commercial revenues, ” it warned.