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Astro’s Q1 net profit decreases to RM100m from lower subscription revenue, sales

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KUALA LUMPUR, June 21 — Astro Malaysia Holdings Bhd’s net profit for the first quarter ended April 30, 2022 decreased to RM100.02 million from RM141.25 million recorded in the...

KUALA LUMPUR, June 21 — Astro Malaysia Holdings Bhd’s net profit for the first quarter ended April 30, 2022 decreased to RM100.02 million from RM141.25 million recorded in the same quarter last year.

It said the lower revenue was mainly arising from the decrease in subscription revenue and merchandise sales, offset by an increase in advertising revenue. “The Copyright Act 2022, which was gazetted in February 2022, is a major step forward in addressing digital piracy, resulting in criminalisation of the sale of illegal streaming devices ; and the distribution or sharing of unauthorised copyright content through applications, websites, and hyperlinks by any party through messaging applications or social media platforms,” he said.

 

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