Astro’s bottom line expected to improve

Quick Summary:

An additional tax assessment of RM734.9mil could impair Astro Malaysia Holdings Bhd’s ability to pay dividends, despite positive earnings expectations for the second half of its financial year 2025 (2H25), according to Maybank Investment Bank Research (Maybank IB Research).

Astro’s six-month (1H25) core net profit hit RM51.7mil, down 51% year-on-year and the company reviewed its dividend policy from a quarterly payout to an annual one.

This came after Astro’s results for 2Q25 ended July 31 beat expectations with a core net profit of RM26.7mil and a surprise 2% rise in TV-subscription revenue quarter-on-quarter after five consecutive quarters of decline.

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Article Details

Category: EconomyBusiness

Markets: Malaysia

Topics: SubscriptionRevenue CostOptimisation TaxAssessment MediaIndustry DividendConcerns AstroMalaysia EarningsForecast Corporate News StreamingServices /Business/Business News

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-02 @ 00:00:00 (8 hours ago)

News Timezone: GMT +8:00

News Source URL: thestar.com.my

Language: English

Article Length: 598 words

Reading Time: 4 minutes read

Sentences: 14 lines

Sentence Length: 43 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © The Star

News ID: 22843049

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