CelcomDigi Bhd in its latest statement said its net profit fell almost 64% in the last quarter of 2024 compared to the previous year as depreciation expenses increased.
Net profit for the three months ended last December was RM157.04 million based on the latest report.
The mobile network company recorded operating charges of RM217.2 million while revenue for the quarter was almost higher at RM3.28 billion.
In 2025, the mobile network operator is targeting low-single-digit growth in service revenue excluding device sales and other income.
Despite the decline in profits, CelcomDigi still maintains a strong position in the market with a dominant customer base.
Strategic moves such as investments in 5G, improving customer service and strengthening digital offerings may be key to the company's performance recovery in 2025.
