Astro Malaysia Holdings Berhad continues to report strong financial standings in its fourth quarter of the financial year which ended on 31 January 2021 despite the recent lockdown. Looking at its q-o-q comparison, the following were highlighted in statement issued by Astro:
• Revenue stable at RM1.11bn
• PATAMI resilient at RM168mn
• Adex up amid lockdown at RM130mn
• Go Shop profitable, achieved record revenue of RM461mn in FY21, up 26% y-o-y • Fourth interim and final dividend of 1.5 sen and 2.5 sen per share respectively
“Astro’s balance sheet continued to be robust, cash generative, cost disciplined and proactive in its capital management,” said Chairman of Astro, Tun Zaki Azmi. “The Board has declared a fourth interim dividend of 1.5 sen per share and proposed a final dividend of 2.5 sen per share, rewarding our shareholders with a full year dividend of 8.0 sen per share (FY20: 7.5 sen per share).”
This represents 77% of FY21 profits, which is higher than Astro’s dividend policy of paying out 75% of PATAMI.
“Adex recovered as live production resumed, alongside the premieres of compelling Astro Originals,” said Group Chief Executive Officer of Astro, Henry Tan. “NJOI prepaid revenue grew 36% q-o-q while Astro broadband bundles saw an encouraging take-up with over 60% increase in broadband subscribers y-o-y.”
Astro remains cautious on uncertainties relating to COVID-19, even as Malaysia commences its national vaccine rollout as any re-imposition or tightening of movement control orders to curb COVID-19 outbreaks may impact advertising and commercial revenues.
As Astro celebrates its 25th year this year, its ambition is to be the aggregator of the best global streaming services and launch its own streaming service catering for millennials that combines
According to Astro’s statement, the Group will continue to cost optimise, re-prioritise capex and actively manage its capital to further strengthen its balance sheet.