Digi.com Berhad (Digi) recorded resilient financial performance in Q1 2016 having made stronger inroads into Malaysia’s postpaid market fuelled by the company’s new, innovative 360o internet offerings experienced on its stable and reliable widest 4G LTE network.
Digi closed the quarter with 12.3 million customers, supported by a steady increase of active internet customers to 7.9 million or 64.2% of its total base. The company’s 4G LTE customers grew to 2.9 million, reflecting its customers’ steady experience of quality, high-speed internet services in more areas nationwide. Malaysia’s widest 4G LTE network now reaches 73% of the population, with 33% of Malaysians also enjoying Digi’s 4G LTE-Advanced (4G LTE-A) services.
Digi’s Chief Executive Officer Albern Murty, said: “We have matched efforts on our best for internet network by introducing a comprehensive postpaid portfolio layered with a diversified range of digital services our customers are increasingly consuming. Understanding our customer’ internet appetite, we built in new innovative features to better serve our customers, such as extra internet quota and internet rollover for them to enjoy affordable, worry-free data access and use the internet in the way they really want to.”
In Q1 2016, Digi’s postpaid service revenue registered a growth of 6.9% year-on-year and 3.1% quarter-on-quarter while its postpaid subscriber base strengthened 8.2% year-on-year to 1.9 million subscribers. Postpaid internet subscribers increased to 1.5 million, representing 80.3% of the company’s postpaid subscriber base and contributed to sequentially higher postpaid internet revenue of RM207 million (Q4 2015: RM197 million).
“Moving forward, we will continue meeting the needs of our customers’ digital lifestyles, leveraging on our solid network as the vehicle to bring relevant, personalised and engaging digital products and services to our customers, while keeping a keen eye on service quality and customer excellence,” concluded Murty.
Digi remains highly committed to delivering healthy shareholder returns, and has declared a first interim dividend of 5.1 sen per ordinary share equivalent to RM397 million or almost 100% dividend payout for the quarter, payable to shareholders on 24 June 2016.
