Result highlights for the fourth quarter of the financial year ended 31 January 2021 [All comparisons refer to the third quarter of FY21 (Q3FY21): quarter-on-quarter (q-o-q) comparison, except as noted]:
Tun Zaki Azmi, Chairman of Astro, said: “Our fourth quarter performance remained strong despite the recent lockdown. Astro’s balance sheet continued to be robust, cash generative, cost disciplined and proactive in its capital management. The Board has declared a fourth interim dividend of 1.5 sen per share and proposed a final dividend of 2.5 sen per share, rewarding our shareholders with a full year dividend of 8.0 sen per share (FY20: 7.5 sen per share). This represents 77% of FY21 profits, over and above our dividend policy of paying out 75% of PATAMI.”

Henry Tan, Group Chief Executive Officer of Astro said: “With 3 consecutive quarters of recovery, Astro ended FY21 with revenue and PATAMI resilient at RM4.4bn and RM540mn respectively.”

“With the latest ‘Cloud Recording’ and ‘Play from Start’ features, our connected 4K-UHD Ultra Box installs recorded a 5-fold increase to 230K and On Demand videos streamed have tripled to 222mn in FY21. We also recently introduced Ulti Box, a HD variant STB to bring connected features to more households. To deliver a higher quality viewing experience, all Standard Definition (SD) channels are being upgraded to High Definition (HD). Astro GO, enhanced with ‘Pre-Access’ and ‘download-to-go’ features, saw an increase in its monthly active users by 13% y-o-y to 1.3mn while its average weekly viewing time rose 8% to 187 minutes.”

“Adex recovered as live production resumed, alongside the premieres of compelling Astro Originals. NJOI prepaid revenue grew 36% q-o-q while Astro broadband bundles saw an encouraging take-up with over 60% increase in broadband subscribers y-o-y. Go Shop capitalised on growing demand for online shopping and achieved record revenue of RM461mn.”

Key Highlights


Outlook


Astro remains cautious on uncertainties relating to COVID-19, even as Malaysia commences its national vaccine rollout. Any re-imposition or tightening of movement control orders to curb COVID-19 outbreaks may impact advertising and commercial revenues.

“Astro is celebrating being 25 years young this year. We are excited to continue the execution of our transformation plan that encompasses:
Our intent is to offer a great entertainment experience across all screens for everyone, whether individuals, homes or enterprises,” said Tan.

The Group will continue to cost optimise, re-prioritise capex and actively manage its capital to further strengthen its balance sheet.