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Astro Malaysia Shares Fall After Weak Second-Quarter Results

Por: MarketWatch Business September 26, 2023

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The share-price decline came after Astro Malaysia posted a sharp drop in net profit for the three months ended July 31 to MYR23.7 million ($5.1 million), from MYR98.5 million a year ago. The company attributed the profit decline mainly to higher costs and unfavorable foreign-exchange losses. Revenue declined 5.6% lower to MYR869.8 million, weighed by lower subscription revenue and merchandise sales. Astro didn't declare a quarterly dividend... + full article



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