Stronger quarter-on-quarter performance across the board:
SUBANG JAYA, 17 October 2017 - Digi.Com Berhad (Digi) today reported quarter-on-quarter growth across key areas of business for the third quarter of 2017. The company's stronger sequential performance and earnings was headlined by solid postpaid and prepaid internet growth, better monetisation and quality network delivery of data, underscored by a continued focus on operational efficiency steadily delivering healthy EBITDA margins.
Digi's CEO Albern Murty said, "This was a strong quarter for us, reflecting that we have been disciplined to execute well against our business priorities to deliver earnings growth, steady margins with lower expenses. These results were driven primarily by organic growth from our strategy for the past several quarters, centred around providing customers a quality experience on the best 4G Plus network, complemented by great value offerings."
For the quarter, Digi's postpaid revenue continued its solid growth trajectory at 3.9% higher than the preceding quarter while prepaid revenue stabilised sequentially. The stronger performance in both postpaid and prepaid was backed by solid internet revenue growth of 8.3% quarter-on-quarter, an increase stimulated by stronger monetisation of services from the 8.5 million active internet users in its base, of which 5.7 million are 4G LTE subscribers, and growth in data traffic on its network. The company also sees similar positive growth trends in its enterprise business segment and its new digital business ventures.
"New and existing customers are drawn to our services that put them in full control of their digital experiences. In this quarter, we have enabled customers the #FreedomToInternet with our new line-up of Digi Postpaid Family plans that offer multiple SIMS for one account, our online exclusive Postpaid IFINITE plans with limitless internet and calls, and new enterprise business offerings. We feel confident, from these past months, that we are on the right track and that our strategy is yielding results. We will continue our investments in technology, product innovation and a refreshed retail and self-serve experience for our customers, while progressively digitising our business in our ambition to be a preferred digital partner for all Malaysians and businesses alike."
Stronger sequential Q3 Financials
RM million 3Q17 2Q17 Q-o-Q 3Q16 Y-o-Y Service revenue 1,476 1,453 1.6% 1,554 [5.0%] EBITDA 727 717 1.4% 775 [6.2%] EBITDA margin 46% 46% Steady 48% [1.6pp] PAT 385 359 7.2% 438 [12.1%]
Key Highlights (Y-o-Y)
Bringing Malaysians the #FreedomToInternet with quality digital, network and customer service experiences with Digi in Q3:
More information on Digi's Q3 performance is available at https://digi.listedcompany.com/home.html.