Digi's share price fall 1.84% after reporting drop in earnings

PETALING JAYA: Digi.com Bhd’s share price fell 1.84% this morning after reporting a drop in net profit for the third quarter ended Sept 30, 2017.
At 10.55am, its share price slipped 9 sen to RM4.80 with a total of 1.87 million shares traded. The stock rose 6 sen to close at RM4.89 on Tuesday with 6.24 million shares changing hands.
On Tuesday, the group said its net profit fell 12.3% to RM384.62 million during the quarter from RM438.38 million a year ago due to lower revenue as well as higher depreciation and amortisation.
Revenue fell 3.1% from RM1.62 billion to RM1.57 billion a year ago. The group has proposed to declare an interim dividend of 4.9 sen per share equivalent to RM381 million for the quarter under review.
Digi told Bursa Malaysia that its prepaid revenue stabilised quarter-on-quarter (qoq) while postpaid revenue growth momentum continued with a 3.9% rise qoq, anchored by a stronger postpaid subscriber base of 2.4 million.