Celcomdigi Berhad (KLSE:CDB)
Malaysia flag Malaysia · Delayed Price · Currency is MYR
3.030
-0.010 (-0.33%)
At close: May 8, 2026
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Earnings Call: Q3 2024

Nov 18, 2024

Speaker 1

Hi everyone, I'm pleased to be back here to share with you some highlights of our performance in the recent quarter. For the third quarter of 2024, I'm pleased to share that we have another strong quarter, both in terms of profitability as well as we're seeing some recovery in our position in the market. We have continued focus on operational excellence as yielded in the result from both the growth in our EBIT, better than expected, as well as in our PAT, both grew by almost 18% and 6% respectively quarter- on- quarter. We continue to see growth in our key core segments. Our postpaid has grown more than 300,000 year- on- year. We're starting to see growth in our home and fiber business, and we're gaining momentum on this as we added more subscribers than anyone else in the market.

We're starting to see growth and traction in our enterprise solution business, and we're starting to see our prepaid business stabilize, overcoming the impact of the merger, which we saw some consolidation of the SIM that has both our customer that has both Celcom SIM as well as the Digi SIM. So these are all good progress that we are making, and overall, quarter- on- quarter, we're seeing that our subscribers now started to grow again. So this is something that's very, very encouraging for us. More importantly, we're starting to realize the benefits of the merger integration that we have been working very hard in the past 18 to 20 months. Our network integration is well on track, now almost 70% complete. We're confident we will hit around three quarters of our network. We will be modernized by the end of the year.

Our IT passed through one of the biggest milestones in the past three weeks, where we migrated half of our subscribers from the old Digi platform to the legacy Digi platform to a new billing platform, and we did this in almost no issues across the board. So this is something that we are very proud of that the team has been working on together with our partners to achieve this milestone. Our retail transformation is progressing well. Now, 13 fully branded stores with a new brand is open across the country, and we target to have at least 50 by the year end. And we're starting to see real benefits coming in as all our stores now are cross-selling all products, both from the old Celcom legacy products to old Digi legacy products.

And what's more encouraging is we're starting to see around 20% in terms of increased productivity from these transformed retail outlets. So, all these are very, very good indications that our business is progressing very well and the merger is delivering its benefits and the expected synergy that we hope for. As a result, for the third quarter, we're declaring a 3.6% per share dividend, which is in a way the highest dividend since the merger, and we are committed to our dividend policy of delivering a sustainable dividend for all our shareholders. With that, thank you for joining us for this session, and we hope to come back to you again in the next quarter. Thank you.

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