Astro Malaysia Holdings Bhd’s net profit eased 35.6 per cent to RM105.92 million in the third quarter (Q3) ended October 31, 2021, from the RM164.53 million recorded in the same quarter last year.
In a filing to Bursa Malaysia today, the company said this was mainly due to higher content costs and license, copyright and royalty fees as a percentage of revenue.
Revenue for the cable television operator in Q3 decreased 7.6 per cent to RM1.02 billion from RM1.11 billion, mainly arising from a decrease in subscription, advertising revenue, and merchandise sales.
“However, the recent emergence of a new Covid-19 variant of concern may impede the overall rate of recovery.
“The company remains cautiously optimistic and will continue to monitor business conditions whilst prudently managing costs,” he said.
Astro has declared a third interim dividend of 1.5 sen per share for the financial year ending January 31, 2022.
Astro will pay the dividend on January 7, 2022. – NST ONLINE
