Telenor’s DiGi is Doing Well in Malaysia

Telenor ASA’s Malaysian unit, DiGi, announced on July 20, 2007 that its second-quarter pretax profits came in at 344.52 million ringgit, up from 280.61 million the year before.
DiGi said sales came in at 1.058 billion ringgit, up from 903.69 million last year, while earnings per share rose to 33.40 ringgit from 26.70 for the same period a year earlier.
DiGi’s total number of subscriptions at the end of the second quarter was 6.024 million up from 5.783 million. While the Norwegian firm currently holds 61 percent of DiGi, the Malaysian government is believed to want it to reduce this stake to 49 percent.

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