Result highlights for the second quarter of the financial year ending 31 January 2020 (Q2FY20)Tun Zaki Azmi, Chairman of Astro, said: “In a competitive media landscape, Astro remains highly cash generative, cost disciplined and proactive in its capital management. The Board is pleased to declare a second interim dividend of 2 sen per share.”

Henry Tan, Chief Executive Officer of Astro, said: “Astro continues to deliver strong PATAMI with rigorous cost discipline to optimise content spend and operating expenses. Concurrently, we are putting in place building blocks for new revenue adjacencies, specifically in broadband and content bundles with Maxis and in OTT through our strategic partnerships with iQIYI and HBO Asia; with more partnerships in the coming months.”

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The market remains challenging with structural changes in the global content, media and advertising industries, including threat of piracy. Astro’s focus is to strengthen its core Pay-TV and NJOI businesses by redefining customer value propositions, elevating customer service and refreshing content. The company will leverage on its customer base to build new revenue adjacencies in broadband, OTT, digital and commerce. Cost optimisation efforts will continue.

*Connected set-top boxes (STBs) are internet-ready with recording functionality and have access to Astro’s On Demand library of content