Digi 3Q earnings fall 9.9%

Digi.Com Bhd’s net profit for the third quarter ended Sept 30 dropped 9.9% to RM320.76 million, from RM356.05million in the previous corresponding quarter due to the slowdown compounded by Covid-19.

Digi’s CEO Albern Murty said: “Digi navigated well through a difficult time to deliver a better quarter, driven by our launched fibre broadband nationwide to serve more households with total connectivity, and modernised our‘Going forward, we remain focused on financial resilience by prioritising investments in strategic areas to enable greater affordability for customers, and drive growth for the business.”

For the cumulative period, Digi saw a 13.7% decline in net profit to RM940.8 milion, from RM1.09 billion previously. Revenue also came in slight lower at RM4.6 billion for the first nine months, from RM4.62 billion a year ago.

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