KUCHING: Serba Dinamik Holdings Bhd has completed the share split and bonus issue exercise with the listing of the subdivided shares and bonus shares on Bursa Malaysia on Wednesday.

The number of subdivided shares is 734,249,957 while the number of bonus shares is 881,099,921. Following the exercise, the enlarged number of company shares is 3,083,849,878, Serba Dinamik said.

The share split involved the sub-division of every two existing ordinary shares while the bonus issue was on the basis of two bonus shares for every five subdivided shares.

Meanwhile, Astro Malaysia Holdings Bhd has posted stronger earnings with group’s net profit rose to RM169.7 million in third quarter ended Oct 31, 2019 (Q32019) from RM153.6 million in Q3-2018 despite lower revenue of RM1.22 billion from RM1.38 billion. Earnings per share rose to 3.28 sen from 2.94 sen.

Chief executive officer Henry Tan said despite challenging media landscape, Astro continues to deliver solid profit after tax and minority interest (Patami) as it continues its journey to improve customer service, refresh its content and enhancing home entertainment and personalisation on Astro GO.

Patami jumped 11 percent year-on-year to RM171 million while on a nine-month basis for Financial Year 2020,it surged by 50 percent to RM516 million from the preceding year corresponding period, underpinned by cost optimisation. Revenue for the nine-month period was, however, down to RM3.69 billion from RM4.11 billion.

According to Astro,it is the leader in market share of Malaysian TV households, capturing 5.7 million or 76 percent of the country’s TV households with its original vernacular, international and live sports content. The company said the on demand and Astro GO is gaining traction.

“Astro’s TV viewership share is strong at 75 percent. The company is further enhancing customer viewing experience by increasing its HD offering from 69 to 100 channels by year end.

“On demand video downloads grew 34 percent to 51 million with weekly time spent increasing by 10 percent  to 503 minutes.

“Astro GO’s registered users rose 14 percent to 2.4 million with weekly viewing time jumping by 66 percent to 264 minutes.”

Tan said the newly launched Ultra Box saw good response with over 10,000 orders to date. The Ultra Box and connected PVRs allow customers to stream over 50,000 videos on demand while sports fan can look forward to UEFA Euro 2020,the Premier League, Formula 1 and La Liga in 4K UHD, a first in Malaysia.

Astro Radio reinforced its leadership position as the No 1 radio brand with record high listenership of 16.9 million. Its radio channels ERA, Hitz, MY and RAAGA remain No 1 in their respective languages.

On outlook going forward, Astro said the market remains challenging with structural changes in the global content, media and advertising industries, including threats of privacy wars.

“Astro’s focus is to strengthen its core Pay TV and NJOI business by redefining customer value propositions, elevating customer service, refreshing and aggregating the best content and streaming services.

“The company will leverage on its customer base to build new revenue adjacencies in commerce, broadband, digital and OYY whilst maintaining disciplined cost optimisation,” it added.