Astro maintains a cautious outlook, focusing on prudent cost management and carefully monitoring evolving business conditions.
According to a Bursa Malaysia filing, Astro said the increase was due to lower net financing costs, driven by favourable unrealised forex gains from unhedged lease liabilities and reduced amortization of intangible assets.Revenue for Q2 FY25 declined 5.98% to RM787.30 million in Q2 FY25 from RM837.37 million in Q2 FY24, primarily due to a reduction in subscription and advertising revenue.
This was mainly due to the increase in subscription revenue and sales of programming rights, offset byRevenue for the radio segment was lower by RM10.9 million, or 24.0%, compared to Q2 FY24. The higher revenue performance posted in Q2 FY24 was due to the Raya festival. However, a strengthening ringgit would help mitigate US dollar-based cost pressures in the medium term.