Published: Wednesday February 6, 2013 MYT 1:28:00 PM
Updated: Wednesday February 6, 2013 MYT 1:49:36 PM
DiGi Q4 earnings down 37% to RM245m on-yr on higher taxes (Update)
KUALA LUMPUR: DiGi.Com Bhd's earnings fell 37% to RM245.52mil in the fourth quarter ended Dec 31, 2012 from RM394.22mil a year ago due to a higher tax rate. It proposed a dividend of 2.5 sen a share or 25%.
It announced on Wednesday Q412's effective tax rate of 31.7% was higher than the statutory tax rate of 25.0% due mainly to the reversal of prior quarters' broadband network-related tax incentives during the current quarter under review. It said that Q412's taxation surged to RM114.20mil.
DiGi said revenue rose 5.4% to RM1.629bil from RM1.545bil while earnings per share fell to 3.16 sen to 5.07.
Its earnings for the financial year ended Dec 31, 2012 fell 3.9% to RM1.205bil from RM1.254bil in FY11.
Its revenue increased by 6.6% to RM6.361bil from RM5.964bil a year ago.
For the year under review, mobile internet customers increased from 5.2 million to 5.7 million, with mobile data revenues now accounting for 32.7% of the group's overall service revenues.
During the year, DiGi increased its capital expenditure to RM700mil in line with the progress made on the company's business transformation programme, which included modernisation of its network, information system and information technology (IS/IT) infrastructure, and distribution channels.