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New Straits Times
22-05-2025
- Business
- New Straits Times
CelcomDigi's Q1 earnings up 1.9pct to RM383.78mil, offset by sharp rise in tax expenses
KUALA LUMPUR: CelcomDigi Bhd reported a marginal 1.9 per cent increase in net profit to RM383.78 million for the first quarter ended March 31, 2025 (1Q25), up from RM376.46 million in the same period last year. The modest growth was largely offset by a sharp rise in tax expenses, which diluted gains from operational income, the group said in a filing to Bursa Malaysia. Tax expenses rose to RM164.95 million, nearly triple the amount a year earlier due to a prior reversal in tax provision. CelcomDigi's revenue for the quarter increased to RM3.21 billion from RM3.17 billion previously. As a result, the group registered higher earnings per share of 3.27 sen against 3.21 sen in 1Q24. CelcomDigi said its service revenue stood at RM2.69 billion in 1Q25, down 1.2 per cent year-on-year (YoY). Postpaid revenue rose 3.2 per cent YoY to RM1.07 billion, driven by a 6.2 per cent increase in subscribers, higher uptake of convergence plans, more device contracts, and migration from prepaid to postpaid. Prepaid revenue came in at RM1.06 billion, with the subscriber base showing slight quarter-on-quarter (QoQ) growth as more users adopt mobile internet, pointing to a shift toward higher-value, data-focused customers. Home and fibre revenue rose 48.1 per cent to RM55 million, fueled by subscriber growth and strong demand for CelcomDigi One plans and fixed wireless access. CelcomDigi closed the quarter with additional 190,000 subscribers YoY, an increase of 0.93 per cent, bringing its total subscribers to 20.6 million. The company declared a first interim dividend of 3.7 sen per share, in line with its sustainable dividend commitment to shareholders. CelcomDigi chief executive officer Datuk Idham Nawawi said the group is pleased with the encouraging start to 2025. Its first quarter performance delivered growth in revenue, earnings before interest and taxes and net profit. He added that this reflects the continued strength of the group's core business and disciplined execution of its strategic priorities. "We are progressing well in creating pathways for sustained profitable growth through four strategic focus areas – solidifying market leadership, enhancing customer experience, driving operational excellence and investing for the future," he said in a separate statement. CelcomDigi said its network integration and modernisation reached approximately 80 per cent completion as of end-March 2025, with six states fully completed. The group continued to ramp up IT consolidation activities, with 28 out of over 50 systems integrated to date, with a target of achieving approximately 75 per cent of systems integrated by year end. CelcomDigi's retail transformation also continued to advance, with over 50 new digital-concept stores launched to date, resulting in higher sales productivity and enhanced customer engagements. The group is now embarking on the next phase of transforming more than 300 exclusive partner stores. Upon completion, the company will form one of Malaysia's largest branded retail chains of digital products distribution, well-positioned to support Malaysians' evolving digital lifestyles. As a flow-through of cost efficiencies from these integration initiatives, CelcomDigi said it remains on track to deliver steady-state annualised cost savings of around RM700 to RM800 million post-2027. CelcomDigi expects a stronger financial and market performance this year, with most integration-related costs and one-off adjustments recognised in 2024. "CelcomDigi continues to remain committed in distributing dividend at minimum of 80 per cent of its bet profit, subject to availability of its free cash flow and distributable reserves, to be paid quarterly and ensuring sustainable dividend payout," it noted.
New Straits Times
02-05-2025
- Business
- New Straits Times
PTPTN dividend reflects strong governance
KUALA LUMPUR: The National Higher Education Fund Corp (PTPTN) has announced a 4.05 per cent dividend for its Simpan SSPN savings scheme for 2024 — the highest return in 10 years. The dividend rate surpasses the 3.60 per cent distributed in 2023 and marks a milestone in PTPTN's track record of prudent financial management. Higher Education Minister Datuk Seri Dr Zambry Abdul Kadir said the increase reflected the efficient, strategic and high-integrity governance of the fund, delivering optimal returns to depositors. He said that since its launch in 2004, PTPTN had grown into a crucial tool for Malaysians to financially plan for their children's future education. Zambry highlighted the scheme's broader role in the national education landscape. "For the past 28 years since its establishment, PTPTN has played a vital role in upholding higher education through the loan facilities provided to students at institutions of higher learning," he said. The dividend announcement, he said, demonstrated PTPTN's unwavering commitment to managing education savings with long-term sustainability in mind. He said effective risk management, along with strategic portfolio selections in long-term fixed deposits and sukuk (syariah-compliant bonds), had contributed significantly to the favourable results. Zambry said the 4.05 per cent dividend represented a positive net investment return compared with Bank Negara Malaysia's Overnight Policy Rate (OPR), which was maintained at three per cent throughout 2024. "This shows how PTPTN's investments outperformed market benchmarks while ensuring capital protection," he said. Beyond dividend performance, Zambry highlighted the strong public confidence in Simpan SSPN, citing the wide range of benefits it offered. "Most notably, it is the only savings product in the country offering tax relief of up to RM8,000 per year," he said. Other key benefits include takaful protection for depositors, a matching grant of up to RM10,000 for eligible families, government-backed savings, and strict syariah compliance. In terms of performance, PTPTN reported deposits totalling RM3.17 billion for Simpan SSPN in 2024 — an increase of RM24.37 million or 0.77 per cent from the previous year. More than 500,000 new accounts were opened, and by Dec 31 last year, the total cumulative deposits reached RM20.56 billion across 6.77 million accounts. "Over the past two decades, Simpan SSPN has recorded consistent positive performance and continued to gain public trust and confidence," said Dr Zambry. To reward long-term savers, Zambry announced the Ganjaran Kesetiaan Simpan SSPN Prime Campaign. "As a special gesture, a one per cent Loyalty Reward will be given in addition to the annual dividend to long-term Simpan SSPN Prime depositors," he said. The campaign runs from May 1 to July 31, 2025, and applies to those who opened accounts between 2004 and Dec 31, 2021, with a minimum deposit of RM1,000 during the campaign period. "Don't miss the opportunity to boost your savings and enjoy this additional reward," he said, calling the loyalty campaign a "win-win incentive" for long-term depositors. Zambry hoped the competitive dividend would encourage more new depositors to save with Simpan SSPN and motivate existing ones to increase their savings. He expressed optimism that Simpan SSPN would remain the top choice for Malaysians saving for children's higher education.
Free Malaysia Today
30-04-2025
- Business
- Free Malaysia Today
PTPTN declares 4.05% dividend for Simpan SSPN scheme, highest in a decade
Higher education minister Zambry Abdul Kadir (second from left) and PTPTN CEO Norliza Abdul Rahim (left) holding up the placards announcing the Simpan SSPN dividends. (PTPTN pic) PUTRAJAYA : The National Higher Education Fund Corporation (PTPTN) has declared a 4.05% dividend for Simpan SSPN for 2024, the highest rate recorded in the last 10 years. Higher education minister Zambry Abdul Kadir said the dividend, which involves a total distribution of RM439.87 million, would benefit some 6.77 million depositors. He said since the scheme was introduced in 2004, the total dividends distributed came up to RM2.12 billion. In 2023, PTPTN declared a dividend of 3.60%. Zambry said the dividend declared in 2024 highlighted PTPTN's efficiency in managing funds to ensure optimum returns for its clients. He said the increase in dividends was also due to long and short-term shariah-compliant investment strategies which not only ensure higher returns but were inline with its principles. 'The declaration of a 4.05% dividend also highlights a positive return of investment when compared with the 3.0% overnight policy rate set by Bank Negara Malaysia,' he said when announcing Simpan SSPN dividends for 2024 and launching the Ganjaran Kesetiaan Simpan SSPN Prime 2025, here. Also present were deputy minister of higher education Mustapha Sakmud, PTPTN chairman Norliza Abdul Rahim and the fund's CEO Ahmad Dasuki Abdul Majid. According to PTPTN, the dividends will be banked directly into the Simpan SSPN accounts and depositors can check their statements via the myPTPTN app from May 2 onwards. Last year, Simpan SSPN received total deposits of RM3.17 billion, while over 500,000 new accounts were opened. 'The figure represents an increase of RM24.37 million or 0.77% compared to the RM3.15 billion declared in 2023. 'The total deposits collected as of Dec 31, 2024 was RM20.56 billion involving some 6.77 million accounts. It is an achievement to be proud of as well as proof that the public support for the SSPN scheme remains strong.'
Barnama
30-04-2025
- Business
- Barnama
Ideal Property Refutes Allegations Linked To MBI Scam, Lodges MCMC And Police Reports
GEORGE TOWN, April 30 (Bernama) -- The Ideal Property Group has dismissed allegations circulating on social media claiming the investigation and arrest of its group executive chairman in connection with the authorities' investigation into the scam linked to MBI International Group (MBI). Ideal Property Group, in a statement today, stressed that the group operates with strict adherence to the law and ethical business principles, while the organisation is committed to maintaining the highest levels of professional integrity and operational transparency. 'Recently, Ideal Property Group has come across fake news and false postings on uncredited social media, falsely alleging the investigation and arrest of our group executive chairman in connection with the authorities' investigation into the MBI Group. 'Ideal Property Group strongly refutes the false and malicious allegations and categorically denies these baseless and defamatory statements,' according to the statement posted on Facebook. To address this, Ideal Property Group has lodged a report with the Malaysian Communications and Multimedia Commission (MCMC), the police and will take immediate legal action to protect its reputation. The group also pledge to continue to exhibit solid operational performance and maintain its unwavering focus on executing current projects and fulfilling all obligations to its various stakeholders with excellence. On April 22, police arrested five more individuals, including two bearing the titles Tan Sri and Datuk Seri, believed to be proxies and business associates involved in a Ponzi-type investment scam linked to MBI. Head of the Criminal Investigation Team on Money Laundering (AMLA) under the Inspector-General of Police's Secretariat (USKPN), Datuk Muhammed Hasbullah Ali, said that besides arresting the five individuals, police have also seized three durian orchards spanning nearly 900 acres, valued at RM223,624,167, located in Raub, Pahang; Jawi, Penang; and Tasek, Kedah. Inspector-General of Police Tan Sri Razarudin Husain was previously reported to have said that eight individuals were arrested and assets worth RM3.17 billion were seized in connection with the fraudulent scheme.
Barnama
30-04-2025
- Business
- Barnama
PTPTN Declares 4.05 Pct Dividend For SSPN Savers In 2024, Highest In A Decade
PUTRAJAYA, April 30 (Bernama) -- The National Higher Education Fund Corporation (PTPTN) today announced a 4.05 per cent dividend payout for the National Education Savings Scheme (Simpan SSPN) for 2024, the highest rate in a decade. Higher Education Minister Datuk Seri Dr Zambry Abd Kadir said the dividend distribution involves an allocation of RM439.87 million, benefiting approximately 6.77 million Simpan SSPN depositors. 'The dividend will be credited directly into depositors' accounts, and they can check their statements via the myPTPTN app from this Friday. 'This brings the total cumulative dividends since Simpan SSPN's introduction in 2004 to RM2.12 billion,' he said at the Simpan SSPN 2024 dividend announcement ceremony here today. Also present were Deputy Higher Education Minister Datuk Mustapa Sakmud, PTPTN chairman Datuk Seri Norliza Abdul Rahim and PTPTN chief executive Ahmad Dasuki Abdul Majid. Zambry said the 2024 dividend of 4.05 per cent is higher than the 3.60 per cent paid out in 2023. He said Simpan SSPN recorded RM3.17 billion in deposits this year, with over 500,000 new accounts opened. Cumulative deposits since 2004 until Dec 31, 2024, stood at RM20.56 billion across 6.77 million accounts. 'This growth is driven by syariah-compliant short and long-term investments in domestic money markets, safeguarding principal while delivering high, positive returns,' he said, adding that this reflects PTPTN's efficiency in managing savings funds based on excellent, integrity-driven and strategic governance. At the same event, Zambry introduced the Simpan SSPN Prime Loyalty Reward Campaign 2025, offering an additional one per cent bonus to depositors who save a minimum of RM1,000 during the promotion period from May 1 to July 31.
