By Chester Tay
DiGi.com Bhd.'s first-quarter net profit fell 2.8%, as expenses rose on higher device cost arising from bundles and investment into contract renewals and plan upgrades.
Net profit declined to 332.0 million ringgit ($76.1 million), while revenue rose to MYR1.56 billion from MYR1.51 billion, the cellular-services provider said Thursday.
Given the uncertainties amid the coronavirus pandemic, DiGi.com said business and travel activities will be significantly affected in the second quarter. Sales-acquisition volumes and travel-related revenues are expected to be hit before recovering gradually as economic activity resumes, it said.
DiGi.com said it will prioritize protecting its cash flow through cost measures and financial flexibility while it invests in strengthening its network and IT infrastructure to support growing demand for data.
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