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19 hours ago · ASTRO'S 1Q NET PROFIT UP 14.1 PCT TO RM17 MLN. 26/06/2024 08:12 AM. KUALA LUMPUR, June 25 (Bernama) -- Astro Malaysia Holdings Bhd’s net profit rose to RM17 million in the first quarter ended April 30, 2024 (1Q) from RM15.89 million in the same period a year ago. In a Bursa Malaysia filing today, the content and entertaining company said net ...
19 hours ago · Astro Malaysia Holdings Bhd's net profit rose to RM17 million in the first quarter ended April 30, 2024 (1Q) from RM15.89 million in the same period a year ago. Astro said said net profit rose by 14.1 per cent due to lower net financing costs driven by favourable unrealised forex arising from unhedged lease liabilities. - File. KUALA LUMPUR ...
19 hours ago · Content cost has increased from 34% in 1QFY24 to 36% in the current quarter. Note that home-shopping contribution has been excluded following the cessation of business operations with the disposal of Astro Go Shop in October 2023. Cash generation remains healthy.
19 hours ago · We lower FY25F-27F earnings by a further 16- 26% post results. At 1SD under historical EV/EBITDA mean and 56% relative share price underperformance over the past year, valuations are fair. A routine miss. Astro’s net profit shortfall looks increasingly routine, with 1QFY25 results making up only 14-15% of our and Street’s estimates.
19 hours ago · A routine miss. Astro’s net profit shortfall looks increasingly routine, with 1QFY25 results making up only 14-15% of our and Street’s estimates. With discretionary spending hit by the higher cost of living, TV subscription revenue has fallen to record lows. The group had to contend with higher content costs with the USD’s strength.
19 hours ago · As such, we cut our FY25-27F earnings forecasts by an average of 11% p.a. Our DCF-based TP is revised down to RM0.35. We maintain our Neutral rating on Astro. 1QFY25 revenue fell 9.8% YoY, mainly due to a 10% decline in TV subscription revenue while advertising revenue was down 22%. Radio revenue was also weaker, falling by 2% YoY.
19 hours ago · Astro Posts 7% Rise in 1QFY2025 Net Profit Amid Lower Net Finance Costs ... Stock Quote . Stocks Listing. Trending Now. Recent Quote. Corporate Figure.
