Pay-television operator Astro Malaysia Holdings Bhd risks further decline in earnings, amid revenue pressure and escalating costs, analysts cautioned following the release of its latest financial results.
Astro reported on Thursday a net profit of RM36.88 million — its lowest since the group's listing in 2012 — for the 12 months ended Jan 31, 2024 (FY2024). Still, the results came in above consensus estimates when accounting losses were excluded, partly helping the stock to buck a weak market.
TheEdge22 Mar, 2024 13:51pm - 1 month