手上现金跌到RM2.3亿，和总借贷增到RM40亿。

前景：
下一个财政年会有几个运动节目，预计内容成本会提高。Astro会继续用保守的对冲政策来管理运动节目的成本，和优化其他的成本。

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James Ng

For this quarter, revenue of RM1388.3m was lower by RM9.1m or 0.7% against corresponding quarter of RM1397.4m. This was due to a decrease in subscription revenue, offset by higher merchandise sales, advertising and production revenue. Total revenue EBITDA margin reduced from 31.8% to 28.2%, YoY-4%. Total EBITDA decreased and tax expenses were higher. Television subscription revenue dropped from RM1093.7m to RM1028m, YoY-6%. EBITDA margin dropped from 30.2% to 28.1%, YoY-2%. Pay-TV residential ARPU dropped from RM100.4 to RM99.9, YoY-0.5%.

Revenue for FY18 of RM5530.8m was lower by RM81.8m or 1.5% against corresponding year of RM5612.6m. This was due to a decrease in subscription and licensing revenue, offset by increase in production revenue, advertising revenue and merchandise sales. The decrease in subscription revenue was mainly due to lower package take-up. The decrease in licensing revenue was due to loss of content recovery for sports channel. Net profit increased by RM147m or 23.8% to RM764m, due to the impairment of investment in associate of RM15.1m in corresponding year and decrease in net finance costs, offset by higher tax expense. Lower net finance cost was due to favorable unrealized Forex gain. Television subscription revenue dropped from RM4354.5m to RM4199.4m, YoY-4%.

'Cash and bank balances' decreased to RM233.6m, and total borrowings increased to RM3965.2m.

Prospects:
The next financial year will have a few major sporting events, they expect content costs to increase. They continue to manage sports content costs by applying conservative hedging policy, whilst optimising other costs.

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James Ng