Astro shows resilience in FY18

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Astro’s PATAMI sees a 24% increase
Astro Malaysia Holdings Berhad has shown resilience with its Profit after Tax and Minority Interest showing a 24 percent year-on-year increase to RM 771 million for its financial year ending 31 January 2018.
Astro has stated that this increase is due to higher Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA) and forex gains.
The company also stated that the total customer growth upped by 7 percent year to year to 5.5 million and an increase in TV household reach from 71 percent to 75 percent, primarily driven by NJOI.
“Astro GO and NJOI Now apps are providing customers content mobility. As a result, Astro GO registered users increased by 45% y-o-y to 1.6mn; with active viewers watching an average 247 minutes of content weekly. This gives us the ability to optimally market and monetise innovative products and services personalised for households, individual customer personas and advertisers,” said Dato’ Rohana Rozhan, Group Chief Executive Officer of Astro.
Astro’s commerce arm, Go Shop grew a revenue of 11% to 290 million and saw its registered customers increase by 38 percent year-on-year to 1.3 million in Malaysia and Singapore. Go Shop’s innovative’s program formats such as live demo shows by celebrities and short-form digital content appeal to more audience segments.
“In a challenging business environment, Astro continues to deliver profits growth and strong cashflow generation. The Board is pleased to declare a fourth interim dividend of 3 sen per share and to recommend for shareholders’ approval a final dividend of 0.5 sen per share,” said Tun Zaki Azmi, Chairman of Astro.
The total Malaysia’s Adex declined by 8% y-o-y from RM4.9bn to RM4.5bn. Despite this, Astro’s total Adex however, registered a 2% growth y-o-y from RM705mn to RM722mn.

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