KUALA LUMPUR, Aug 20 — Maybank Investment Bank has cut its earnings forecast for Dialog Group Bhd for financial years ending June 30, 2022 and 2023 by 8.0 per cent, largely to account for the potential operational setback from further lockdowns in the future.
“Core earnings fell 7.0 per cent year-on-year as operations were continuously disrupted by the multiple lockdowns due to the Covid-19 pandemic, leading us to cut FY22-23 earnings by 8.0 per cent. Dialog’s net profit for FY21 ended June 30, 2021, declined to RM543.14 million compared to RM630.36 million y-o-y, while revenue slipped to RM1.6 billion from RM2.3 billion previously; largely due to the operational disruptions due to the multiple lockdowns during the financial year.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more: