KUALA LUMPUR: CelcomDigi Bhd’s net profit for the second quarter ended June 30, 2023 (2Q FY2023) rose to RM343.52 million from RM220.04 million in the same quarter last year. In a filing with Bursa Malaysia yesterday, the company said revenue jumped to RM3.12 billion from RM1.54 billion previously, lifted by higher device sales with the subscriber base growing by 3.0 per cent with a net addition of 599,000 to 20.48 million.
On a cumulative six month basis, net profit rose to RM661.44 million from RM456.19 million in the same period last year, while revenue widened to RM6.30 billion from RM3.06 billion previously due to higher device sales and service revenue. CelcomDigi declared a second interim divid end of 3.2 sen per share, amounting to RM375 million, payable on Sept 6, 2023. The filing said its home fibre segment growth momentum continued into the 2Q with a high take-up rate for high value fibre plans launched in 1Q 2023, garnering solid growths in revenue and subscriber base.
In the quarter under review, it said CelcomDigi ramped integration activities, and continued investments in network capacity upgrades and IT initiatives to improve customer experience. The company invested RM252 million in capital expenditure (capex), or 8.1 per cent of total revenue in 2Q FY2023 for network capacity upgrades and integration initiatives, the filing said. – BERNAMA
