KUALA LUMPUR – Digi.com Bhd (CelcomDigi) posted lower net profit to RM763.5 million for the financial year ended December 31, 2022 (FY22) from RM1.16 billion year-on-year due to additional depreciation and finance costs resulting from the harmonisation of accounting policies and estimates, and a merger exercise, as well as the “cukai makmur” (prosperity tax).
Revenue for the period, however, increased marginally to RM6.77 billion against RM6.33 billion a year earlier, the company said in a filing with Bursa Malaysia today.
In a separate statement, CelcomDigi said the company registered across-the-board improvements in its postpaid, prepaid, fibre and enterprise segments, driven by its high-speed Internet products bundling, catering to the ever-growing Internet demand from its customers.
It added that monthly average data per user for Digi’s customers reached 24.5GB, up 18.4% year-on-year, while Celcom’s customers registered 28GB usage, up 15% year-on-year.
CelcomDigi chief executive officer Datuk Idham Nawawi expects continued growth in data usage, primarily in 4G services, supported by initial adoption of 5G technology and increasing use of digital services and platforms.
“Given the challenging macroeconomic outlook, we will draw on our combined strength to position ourselves for the future, with an immediate focus on strengthening core and new revenue growth areas, while delivering quality Internet experience to customers,” he added.
The company said it will be seeking shareholders’ approval for the proposal to change its name to CelcomDigi Bhd at its extraordinary general meeting (EGM) later today.
If approved, a formal filing on the outcome of the EGM will be made to Bursa Malaysia this evening, the company said. – Bernama, February 24, 2023
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