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Malaysia

CelcomDigi achieves RM376 million net profit in first quarter of 2024

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  • CelcomDigi reported a net profit of RM376 million for Q1 2024, driven by strong revenue growth and effective cost management.
  • The company has expanded its subscriber base to over 12 million users, reinforcing its position as a leading telecommunications provider in Malaysia.
  • Strategic investments in network infrastructure and technology, along with a focus on sustainability, have been key to CelcomDigi's success.

CelcomDigi, a leading telecommunications provider in Malaysia, has announced a remarkable net profit of RM376 million for the first quarter of 2024. This impressive financial performance underscores the company's robust growth and strategic initiatives in the highly competitive telecommunications industry.

According to the earnings report released on May 29, 2024, CelcomDigi's revenue for the first quarter stood at RM2.5 billion, reflecting a significant increase from the previous year. The company's strong financial results are attributed to its effective business strategy, operational efficiency, and cost management practices. "Our focus on delivering superior digital services and enhancing customer experience has been pivotal in achieving these results," said CelcomDigi's CEO.

The telecommunications giant has seen substantial growth in its subscriber base, which now exceeds 12 million users. This expansion is a testament to CelcomDigi's commitment to providing high-quality mobile network services and innovative digital solutions. The company's market share in Malaysia continues to grow, solidifying its position as an industry leader.

CelcomDigi's strategic investments in network infrastructure and technology have played a crucial role in its success. The company has been at the forefront of adopting cutting-edge technologies to improve service delivery and customer satisfaction. "We are dedicated to staying ahead of the curve by investing in the latest technologies and expanding our network capabilities," added the CEO.

In addition to its financial achievements, CelcomDigi has also focused on sustainability and corporate social responsibility. The company has implemented various initiatives to reduce its environmental footprint and contribute to the community. These efforts have not only enhanced CelcomDigi's reputation but also aligned with global sustainability goals.

Looking ahead, CelcomDigi aims to continue its growth trajectory by exploring new business opportunities and expanding its digital services portfolio. The company is optimistic about the future and remains committed to delivering value to its shareholders and customers. "We are confident that our strategic initiatives and focus on innovation will drive long-term growth and profitability," concluded the CEO.

CelcomDigi's net profit of RM376 million in the first quarter of 2024 highlights its strong financial performance and strategic direction. The company's dedication to operational excellence, customer satisfaction, and sustainability positions it well for continued success in the telecommunications industry.

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