KUALA LUMPUR: CIMB Equities Research said Telekom Malaysia’s core net profit for the third quarter ended Sept 30, 2014 (Q3, FY14) fell 10.5% on-quarter (-29.1% on-year) due to lower revenues across all business segments.
“The 9M14 earnings was at 70% of our and 66% of consensus FY14 estimates,” it said on Thursday, adding that the results were largely in line as “we expect a stronger 4Q14 but below consensus expectations”.
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