PETALING JAYA: Astro Malaysia Holdings Bhd’s net profit for the fourth quarter ended Jan 31, 2020 jumped 17% to RM138.92 million from RM118.4 million a year ago, mainly due to impairment of software, lower amortisation of software and amortisation of event licence rights.
Its revenue fell 10% to RM1.23 billion against the corresponding quarter last year of RM1.37 billion, dragged down by a decrease in subscription revenue, production revenue, sales of programming rights and advertising revenue.
It has declared a fourth interim dividend to 1.5 sen per share.
Total dividend declared in FY20 amounts to 7.5 sen, equating to a 60% dividend payout ratio.
For the full year, Astro’s net profit grew 41.6% to RM655.3 million from RM462.92 million a year ago, mainly due to an increase in ebitda, lower net finance costs and depreciation of property, plant and equipment.
Revenue dropped 10% to RM4.91 billion against the corresponding quarter last year of RM5.48 billion.
source https://www.thesundaily.my/business/astro-q4-net-profit-jumps-17-to-rm1389-million-XH2180415
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