5 interesting takeaways from Astro’s Q1 2016 results
By Goh Thean Eu June 15, 2016
- Results in line with most analysts’ expectations
- Outperforms industry in terms of advertising income
MALAYSIA’S dominant pay-TV operator Astro Malaysia Holdings Bhd announced its first quarter (Q1) 2016 financial results recently.
Its Q1 performance – a 2.5% increase in revenue and 20% increase in net profit to RM1.36 billion and RM202.1 million, respectively – were very much in line with analysts’ estimates. [RM1 = US$0.24 at current rates]
While its top- and bottom-line appear strong, it is also important to look at the other aspects of its business.
Did the company grow its subscriber base? How did it do in terms of advertising revenue, its bread-and-butter revenue stream? How did its shopping channels perform?
We crunched those numbers, and came up with a surprise or two.
Next Page: A decline here, a decline there, but nothing to be worried about?