ASTRO 2.6 million subscribers; Sun Direct 2.5 millionTuesday, March 17th, 2009
Full Year Results Announcement (for financial year ended 31 January 2009)
ASTRO ALL ASIA NETWORKS PLC (Kuala Lumpur:ASTRO) achieved record high subscriber additions in its Malaysian pay-TV business as the radio business continued to expand at a healthy pace amid signs of a slowing economy and greater competition. Good progress was also made in the pay-TV business in India.
Pay-TV subscriber growth in Malaysia was underpinned by a strategy focused on targeting new customers through the Group’s continuing investment in local content. Gross subscriber additions in the year were at a new high of 612,000 resulting in 374,000 net new customers. Churn remained within targeted levels at 9.7%. This achievement was a major contributor to a 14% year-on-year increase in the Groups consolidated revenue, taking this to RM2.97 billion. EBITDA (excluding costs and provisions incurred in respect of the Indonesia Venture) rose 20% to RM671 million from RM557 million.
Sun Direct, a leading provider of Direct-To-Home satellite TV services in India and in which the Group owns a 20% equity stake, continued to grow driven by continuing demand for high-quality pay-TV services. Services were initially launched in southern India but were subsequently expanded to all the major metropolitan areas across the country. Sun Direct now has over 2.5 million subscribers.
Summary of Group FY2009 Results FY2009 FY2008 ------ ------ Pay-TV Subscribers (mlns) 2,646 2,272
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