TM net profit declines 31% to RM302mil for the third quarter

KUALA LUMPUR: Telekom Malaysia Bhd's (TM) net profit for the third quarter ended Sept 30, 2011 declined to RM302.2mil from RM438.5mil in the same period a year ago on the back of 5.8% higher revenue of RM2.32bil. Basic earnings per share for the quarter decreased to 8.4 sen from 12.3 sen in the same period a year ago.

The company told Bursa Malaysia yesterday that the decline in its net profit was due to unrealised foreign exchange loss on borrowings. It, however, recorded higher revenue from its Internet and multimedia; and data and non-telecom related business segments which mitigated the impact of lower revenue from its voice and other telecom-related services segment.