CelcomDigi announced stronger-than-expected Q4 earnings, with net profit rising 15% year-on-year, leading to a 2.1% increase in its share price. The positive results were driven by subscriber growth and effective cost management strategies.
Malaysian telecommunications giant CelcomDigi Bhd announced stronger-than-expected fourth-quarter earnings on Wednesday, surpassing market forecasts. The company reported a 15% year-on-year increase in net profit, reaching RM520 million, primarily driven by an expanding subscriber base and effective cost management. This positive news propelled CelcomDigi's share price up by 2.1%, closing at RM4.45. Analysts are generally optimistic about CelcomDigi's performance, noting that the synergistic benefits post-merger are gradually materializing. Despite intense competition in the telecom sector, CelcomDigi has successfully attracted and retained customers through its extensive network coverage and innovative service offerings. Looking ahead, the company's management stated its continued focus on enhancing network quality and user experience to solidify its market leadership.
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