Astro's share price up 2.97% after reporting 25% jump in Q4 earnings

PETALING JAYA: Astro Malaysia Holdings Bhd, which reported a 25% jump in earnings for the fourth quarter ended Jan 31, 2018, saw its share price rise 2.97% this morning.
At 11.02am, its share price rose 2.97% or 6 sen to RM2.08 with 921,000 shares traded.
Astro’s net profit jumped 25% to RM181.79 million from RM145.08 million a year ago due to lower net finance costs because of favourable unrealised forex gain arising from unhedged non-current balance sheet liabilities comprising finance lease liabilities and vendor financing.
However, its revenue was 0.7% lower at RM1.39 billion against the corresponding quarter of RM1.4 billion.