ASTRO All Asia Networks plc has recorded a pre-tax profit of RM65.4 million in its second quarter ended July 31, 2009, compared to a pre-tax loss of RM218.39 million in the same period last year.

AstroProfitIts revenue rose three per cent to RM763.74 million from RM742.53 million previously and this was attributed by the company to higher subscription revenue.

“The second-quarter operating performance reflects steady growth across the Malaysian businesses with the pay-TV operations benefiting from continued subscriber growth and our Malaysian radio business performing well by providing innovative and cost-effective marketing solutions for advertisers in the face of challenging economic conditions,” said Astro chairman Datuk Badri Masri.

“We expect these conditions to remain challenging for the remainder of this year,” he said in a statement today.
For the six-month period ended July 31, 2009, the group registered a pre-tax profit of RM135.19 million from a pre-tax loss of RM179.69 million in the same period last year.

Revenue for the period rose to RM1.52 billion from RM1.45 billion previously due to steady demand for its pay-TV service in Malaysia and higher revenue contributed by the Malaysian radio businesses.

Astro TV also announced that it will accelerate its plans to introduce high definition television to Malaysians within this financial year.

“In a very challenging economic environment, we have delivered a good set of results by focusing on quality, value and service for our customers,” said Astro TV chief executive officer Rohana Rozhan.

“Overall customer growth is up year-on-year and we are selling more products across the board,” she said. – Bernama