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Nikkei Markets

Astro Malaysia's 1Q net profit falls amid revenue slippage

Higher content cost clouds outlook while company aims to expand subscriber base

Company logo of Malaysia's pay-TV firm Astro at its headquarters in Kuala Lumpur
Astro will be broadcasting live the 2018 FIFA World Cup, Commonwealth Games, Jakarta 2018 Asian Games and the 2018/2019 Premier League season.   © Reuters

KUALA LUMPUR (Nikkei Markets) -- Astro Malaysia Holdings, a pay-television operator, said Wednesday net profit fell 10.8% in the fiscal first quarter from a year earlier due to higher net finance cost.

Net profit for the three months ended Apr. 30 totalled 174.73 million ringgit ($43.99 million) compared with 195.82 million ringgit in the same quarter last year, Astro said in an exchange filing. Quarterly revenue edged 1.1% lower on year to 1.31 billion ringgit from 1.33 billion ringgit.

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