DiGi.Com Berhad maintained solid revenue growth of 9.6% in the first quarter of 2012 compared to the same quarter last year, mainly driven by data revenue which accounted for close to 31% of total revenue.
This growth comes on the back of continued momentum in its business transformation program that will bring the company closer towards enabling access to the internet for more Malaysians, it said when announcing its first quarter 2012 financial results today.
The bedrock of DiGi's transformation program is the complete modernization of the company's voice and data network; approximately 500 sites have been successfully swapped, and plans are in place for a higher swap rate in the coming quarters.
By end 2012, DiGi aims to complete the rollout of its new unified mobile network - The Tomorrow Network - capable of delivering 2G, 3G and 4G/LTE from a single base station site.
For the quarter under review, DiGi recorded RM1.569 billion ($524 million) in revenue, marking a 1.6% growth compared to the fourth quarter of 2011. This growth was mainly driven by an increase in mobile internet subscribers during the quarter, and good traction in the sales of its bundled handsets and smart-plans. Current quarter’s earnings before interest, tax, depreciation and amortisation (EBITDA) and EBITDA margin stood at RM737 million ($241 million) and 47% respectively, mainly attributing to the company's good cost discipline in the quarter under review. DiGi also managed to deliver strong operating cash flow of RM619 million ($203 million) during the quarter.