KUALA LUMPUR: Astro Malaysia Holdings Bhd, which posted a stronger set of leads to the fourth quarter ended Jan 31 (4Q20), has activated its enterprise continuity plans and ensured the security of its workers amid the motion management order.
In a press assertion issued yesterday, its group chief govt officer Henry Tan mentioned the Astro groups are at present cut up throughout totally different websites with a big majority working from properties.
“We at Astro are doing our greatest to maintain Malaysians knowledgeable and entertained throughout these making an attempt occasions, ” he added.
In the meantime, the group mentioned it remained centered on strengthening its buyer worth proposition and loyalty, whereas pursuing deeper price optimisation and stronger anti-piracy push.
Consequently, Tan mentioned Astro would additionally leverage on its buyer base to construct new income adjacencies in commerce, broadband, digital and over-the-top streaming.
“Our steady financials allow us to pivot our enterprise to seize new digital alternatives in over-the-top video streaming, radio and commerce, ” he famous.
With three unique streaming companies – Astro GO, HBO GO and iQIYI, Astro has the most important buyer base for video streaming companies in Malaysia, with over 2.6 million registered customers.
Given the worldwide financial atmosphere and a difficult media panorama for the monetary 12 months ended Jan 31,2020 (FY20), Astro chairman Tun Zaki Azmi mentioned the group continues to be money generative, price disciplined and proactive in its capital administration.
For the 4Q20, Astro’s internet revenue climbed 17.3% to RM138.91mil from RM118.39mil a 12 months in the past as a consequence of impairment of software program within the corresponding quarter, decrease amortisation of software program and amortisation of occasion license rights, which was offset by larger tax bills.
In a submitting to Bursa Malaysia, the group mentioned the rise in internet revenue was so helped by decrease staff-related prices arising from the separation scheme funds within the corresponding quarter.
Nevertheless, the group’s income fell 10.3% to RM1.22bil within the quarter in comparison with RM1.36bil within the corresponding interval a 12 months in the past dragged by a lower in subscription income, manufacturing income, gross sales of programming rights and promoting income.
For full monetary 12 months (FY20), Astro’s internet revenue jumped 41.6% to RM655.29mil from RM462.92mil final 12 months primarily as a consequence of a rise in earnings, decrease internet finance prices and depreciation of property, plant and tools and enhance in depreciation of right-of-use belongings, offset by larger tax bills.
Whereas, its income dropped 10.4% RM4.91bil for FY20 from RM5.48bil a 12 months in the past.
The board proposed a fourth interim dividend of 1.5sen per share for the quarter to be paid on April 24. For FY20, the whole dividend declared quantities to 7.5sen per share, which is a 60% dividend payout.
Astro mentioned the whole dividend declared for FY20 represents a departure from Astro’s dividend coverage of paying out no less than 75% of consolidated earnings.