KUALA LUMPUR, May 29 ― CelcomDigi Bhd has announced a notable increase in net profit for the first quarter ended March 31, 2024 (1Q FY2024), reaching RM376.46 million compared to RM317.92 million in the same quarter last year. Despite a slight decline in revenue to RM3.15 billion from RM3.18 billion, the telco attributed its positive performance to strategic initiatives aimed at enhancing customer value. CelcomDigi highlighted its focus on providing enhanced 4G and 5G plans and converged offerings, leading to substantial growth in postpaid and Home and Fibre subscribers.
With a total subscriber base of 20.5 million, up by 174,000 year-on-year, the company emphasized progress in its network integration and modernization program, with over 7,200 sites modernized by April 2024. CEO Datuk Idham Nawawi expressed confidence in the company’s resilient performance and commitment to sustainable growth, announcing a first interim dividend of 3.5 sen per share, aligning with its pledge to shareholders for sustainable dividends.
