SUBANG JAYA, 23 January 2018 - Capping a year of solid postpaid and internet development, progressive digital transformation and strong operational management, Digi.Com Berhad (Digi) today reported Q4 and FY2017 results that showed positive data uptrend driving revenue growth across the board. The company closed Q4 2017 with a record high RM747 million internet revenue, totalling 49.4% of its sequentially stronger RM1,513 million service revenue. FY2017 service revenue stood at RM5.91 billion with a strong EBITDA of RM2.89 billion at 46% margin, underlined by 11.7 million customers on its network.
In Q42017, Digi's postpaid and prepaid service revenue grew 4.1% and 1.5% respectively. This stronger sequential performance was supported by 8.7 million internet subscriber base, which includes 6.2 million 4G LTE subscribers, stimulating a 16.2% growth in data traffic on its network. Smartphone penetration from its base also steadily increased to 72.7%; all positive indicators of Malaysians' growing trust in the company's quality internet service and value offerings on the most consistent 4G Plus network in town.
Digi's CEO Albern Murty said, ''We made good progress implementing our strategy in 2017, with our strong operational and financial performance, underscored by high data traction, showing the continued vibrancy of our business in this highly competitive environment. This capped a year where we delivered solid results and shareholder returns of RM1.46 billion in dividends. Digi is well positioned for future growth, and continued sustainable shareholder and customer value creation. We enter 2018 with confidence founded on our investments in next-generation network and digital capabilities to capitalise on opportunities for growth - using technology to connect our customers to what matters most to them.''
Stronger sequential Q4 and steady FY2017 Financials
RM million 4Q17 3Q17 Q-o-Q 4Q16 Y-o-Y FY17 FY16 Y-o-Y Service revenue 1,513 1,476 2.5% 1,555 (2.7%) 5,914 6,226 (5.0%) Total revenue 1,645 1,570 4.8% 1,670 (1.5%) 6,341 6,597 (3.9%) EBITDA 7312 727 0.6% 741 (1.3%) 2,886 2,955 (2.3%) EBITDA margin 44% 46% (1.99pp) 44% 0.1pp 46% 45% 1pp PAT 360 385 (6.5%) 375 (4.0%) 1,477 1,633 (9.6%)
Note: Exclude settlement costs and exit fee of RM6 million
3600 digitisation of Digi to deliver on our customers' digital needs with the best products, services, and experience on our robust 4G Plus network:
2018 Outlook Guidance
Digi expects to improve service revenue growth development with EBITDA sustained at around 2017 levels leveraging on sustainable growth, disciplined cost management and innovating operational efficiencies. Digi's 2018 guidance is as follows:
More information on Digi's Q4 and FY 2017 performance is available at www.digi.com.my/investors.
We are a mobile connectivity and internet services provider enabling 11.7 million Malaysians to get the most benefit out of an increasingly connected world. With a strong legacy of product and service innovation delivered on Malaysia's widest 4G Plus network, Digi has an ambition to become customers' favourite digital partner, providing relevant, personalised and engaging digital products and services that will further enable all Malaysians' digital lifestyles. This is because we believe digital communication empowers everyone to improve their lives, build societies and secure a better future for all. Listed on Bursa Malaysia, Digi is part of global telecommunications provider Telenor Group and is a leader in driving progressive and responsible business practices. For more information about Digi, visit www.digi.com.my.
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