Astro Malaysia’s net profit soars 132.3pc to RM54.71m in second quarter

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KUALA LUMPUR, Sept 30 — Astro Malaysia Holdings Bhd’s net profit soared by 132.3 per cent to RM54.71 million in the seco...

Moving forward, Astro remained vigilant in monitoring local economic conditions, as softening customer sentiments and geopolitical factors continue to affect the industry.“A sustained strengthening of the ringgit would help mitigate some of the US dollar-based cost pressures over the medium term,” it said.

Astro said the increase resulted from lower net financing costs, driven by favourable unrealised foreign exchange arising from unhedged lease liabilities and lower amortisation of intangible assets.

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Article Details

Category: EconomyBusiness

Markets: Malaysia

Topics: Astro malaysia Profits

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-09-30 @ 19:46:14 (7 hours ago)

News Timezone: GMT +8:00

News Source URL: malaymail.com

Language: English

Article Length: 209 words

Reading Time: 2 minutes read

Sentences: 10 lines

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Copyright Owner: © Malay Mail

News ID: 22789160

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