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Consumer Services

Astro Malaysia Holdings Bhd.

Company Background

Astro Malaysia Holdings has a near-monopoly on pay-TV, radio, publications and digital media in its home market. More than half of Malaysia's TV-viewing households get the company's 170-plus channels, which are delivered through satellite dishes and over the Internet. Astro's programming includes both domestic and international content in multiple languages, including Chinese, English, Malay and Tamil.


Ananda Krishnan, a well-known businessman, owns a majority stake in Astro through his privately held company, Usaha Tegas. Krishnan's business interests span the telecommunications, energy, property and gaming sectors.


Astro is currently led by CEO Rohana Rozhan, an accountant who joined the company in the 1990s. The media group is in the process of launching a home shopping channel and broadening its TV programming to reach a wider audience in Southeast Asia.

Business Summary

Astro Malaysia Holdings Bhd. is an investment holding company, which engages in the provision of television services, radio services, film library licensing, content creation, aggregation and distribution, talent management, multimedia interactive services, digital, media and home shopping services. It operates through the following segments: Television, Radio, Home-Shopping, and Others. The Television segment provides content, creation, aggregation and distribution, magazine publication, and distribution and multimedia interactive services. The Radio segment offers radio broadcasting services. The Home-Shopping segment covers the Go Shop home-shopping business. The company was founded on February 14, 2012 and is headquartered in Kuala Lumpur, Malaysia.

Financial Highlights

Jan 2023 MYRUSD
Gross Profit1,168.95M264.93M
Operating income476.11M107.90M
Income before tax289.06M65.51M
Net income259.03M58.70M
Diluted EPS0.040.01
Dividends Per Share0.030.00
Total Assets5,700.72M1,336.39M
Total liabilities4,602.71M1,078.99M
Total equity1,071.30M251.13M
Operating cash flow1,216.72M275.76M
Currency in MYRCurrency in USD

Historical Data

 Jan 2019Jan 2020Jan 2021Jan 2022Jan 2023
Revenue 5,479.04M 4,911.80M 4,359.66M 4,175.48M 3,800.06M
Gross Profit 1,935.65M 1,895.56M 1,619.80M 1,424.58M 1,168.95M
Operating income 976.93M 1,070.80M 875.47M 751.82M 476.11M
Income before tax 650.34M 862.59M 692.96M 590.62M 289.06M
Net income 462.92M 655.29M 539.84M 460.87M 259.03M
EBITDA 2,070.78M 2,138.30M 1,812.39M 1,608.40M 1,334.07M
Diluted EPS 0.08 0.12 0.10 0.08 0.04
Dividends Per Share 0.09 0.07 0.08 0.06 0.03
Total Assets 6,259.55M 6,198.41M 5,785.22M 5,324.79M 5,700.72M
Total liabilities 5,580.65M 5,259.65M 4,636.45M 4,121.03M 4,602.71M
Total equity 585.26M 855.80M 1,077.83M 1,135.10M 1,071.30M
Operating cash flow 1,668.85M 1,455.19M 1,567.74M 1,198.46M 1,216.72M
 Jan 2019Jan 2020Jan 2021Jan 2022Jan 2023
Revenue 1,353.06M 1,186.51M 1,037.99M 1,004.43M 861.25M
Gross Profit 478.01M 457.89M 385.66M 342.69M 264.93M
Operating income 241.25M 258.66M 208.44M 180.85M 107.90M
Income before tax 160.60M 208.37M 164.98M 142.07M 65.51M
Net income 114.31M 158.29M 128.53M 110.86M 58.70M
EBITDA 511.38M 516.53M 431.51M 386.91M 302.35M
Diluted EPS 0.02 0.03 0.02 0.02 0.01
Dividends Per Share 0.02 0.01 0.01 0.01 0.00
Total Assets 1,528.21M 1,512.54M 1,431.10M 1,272.19M 1,336.39M
Total liabilities 1,362.46M 1,283.46M 1,146.92M 984.59M 1,078.99M
Total equity 142.88M 208.83M 266.62M 271.19M 251.13M
Operating cash flow 412.12M 351.52M 373.26M 288.29M 275.76M

Valuation Measures

Jan 2023
Operating margin12.52%
Profit margin6.81%


  • Group Chief Executive Officer: Euan Smith
  • Group Chief Operating Officer: Hwee Ling Lee
  • Group Chief Financial Officer: Shafiq Abdul Jabbar
  • Chief Technology Officer: Mauro di Pietro Paolo
  • Chief Executive Officer-Go Shop: Yen Wah Lim


  • Khazanah Nasional Bhd. (20.6%)
  • Harapan Terus Sdn. Bhd. (9.0%)
  • Permodalan Nasional Bhd. (6.4%)
  • Employees Provident Fund (5.0%)
  • The Vanguard Group, Inc. (1.1%)
  • Kumpulan Wang Persaraan (0.5%)
  • Terengganu Islam Foundation (0.3%)
  • Invesco Capital Management LLC (0.1%)
  • Dimensional Fund Advisors LP (0.1%)

Contact Details

  • Website:
  • Address: All Asia Broadcast Centre, 3rd Floor, Administration Building, Kuala Lumpur, 57000, Malaysia
  • Phone: +60.3.9543.6688

Related Companies

  • Astro Awani Network Sdn. Bhd.
  • Maestra Broadcast Sdn. Bhd.
  • Astro Radio Sdn. Bhd.
  • Astro (Brunei) Sdn. Bhd.
  • Astro Television Network System Sdn. Bhd.
  • Mbns Multimedia Technologies Sdn. Bhd.
  • Astro Digital Sdn. Bhd.
  • Astro Retail Ventures Sdn. Bhd.
  • Astro Production Services Sdn. Bhd.
  • Astro Sports Marketing Sdn. Bhd.
  • MEASAT Broadcast Network Systems Sdn. Bhd.


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