Saturday, April 13

CelcomDigi Reports Strong Q3 2023 Results with 32.66% Increase in Net Profit

Telecommunications giant CelcomDigi Bhd reported a 32.66% quarter-on-quarter increase in net profit to RM455.72 million for Q3 2023, citing lower costs in regulatory and network-related areas and reduced marketing expenditure.

Despite a 0.61% decline in revenue to RM3.1 billion, the company added 123,000 subscribers, expanding its base to 20.6 million.

CelcomDigi declared a third interim dividend of 3.3 sen per share, bringing total dividends for the financial year to 9.7 sen per share.

The company is on track with its merger integration efforts, including network integration and modernisation, reaching over 4,400 sites by end-October 2023.

“Capital expenditure (capex) increased 8.6% y-o-y to RM385 million in 3QFY2023, as the company prioritised investments in network capacity upgrades and information technology integration initiatives.

“CelcomDigi expects to accelerate capex investments in the final quarter of the year, as it continues to deliver on integration milestones across the organisation,” it said.

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