Hi, everyone. Welcome to our first quarter briefing. I'm pleased to share that we continue to have a resilient quarter in the first quarter of 2024. We continue to grow our customer base, maintain our position in the market. Year-on-year, almost 200,000 new subscribers coming into our network. Our revenue continue to be resilient, slightly affected by the regulatory changes, but overall, we are able to maintain our position as the largest mobile operator in the country, and we can continue to deliver in terms of profitability. Our profit after tax grew in the high single-double-digit growth, year-on-year. If you look at the underlying performance for our profitability, taking out the one-off items in accelerating some of the integration activities, our profit has grown by more than 50% as compared to the first quarter of last year.
We are very pleased with the performance, and I think we will continue to make an impact to the market. This year is the second year of our integration, and we continue to accelerate the integration activities, especially around the network and also the people integration. We are now almost at the halfway point of modernizing and integrating our network ahead of our target, which is something we are very pleased. Our customers that in the area where we have modernized the network, is experiencing an enhanced network experience from the signal quality, from the throughput, and overall network performance. This is something that we promised to our customers. We are also very eager to turn this new company to become the most lean and the most efficient mobile operator in the country or even in the region.
So we have accelerated some integration activities, especially around some restructuring of the on the people side. This is something that we hope that moving forward, we're going to be one of the most productive telco in the region. We continue to innovate in every way that we do, and we do this while we are doing the integration and transform at the same time. We have introduced new distribution structure on how we go to the market, something that's very innovative. We are restructuring and transforming our retail outlets in terms of how to serve our customers better. We also recently just also concluded in terms of how we're going to support our customers when they need help, with the outsourcing of our call center.
We also continue to introduce new innovation in the market with a new set of product portfolios, both on the postpaid and prepaid, as well as the home and fiber business. In the enterprise market, we continue to offer innovative 5G solutions for the industries. Recently, we have deployed 5G solutions on one of the largest and most modern oil platform in the region, together with PETRONAS. We also work together with 10 universities on how to introduce virtual reality as well as mixed reality into the education sector, and we are working with local councils on how to implement smart cities and use the technology to improve the life of our citizens. Last but not least, I'm pleased to report that we are on track when it comes to our guidance for 2024.
We are on track in terms of delivering the synergy for 2024, and we are delivering, or we are paying MYR 0.035 dividend for the first quarter of 2024, which is the same level as the, as the fourth quarter of last year, and we remain committed to our dividend policy. With that, thank you, and I will see you again next quarter.