Telekom Malaysia's Q3 earnings at RM301m, focus on broadband growth

KUALA LUMPUR: Telekom Malaysia Bhd's (TM) earnings were marginally lower at RM301.41mil in the third quarter ended Sept 30, 2012 from RM302.12mil a year ago while it maintained its focus to be the country's broadband champion.

Announcing its results on Friday, it said revenue rose 2.3% to RM2.375bil from RM2.321bil while earnings per share were unchanged at 8.4 sen.

For the nine-months, its earnings jumped 51.9% to RM900.48mil from RM592.67mil in the previous corresponding period while it posted a record revenue of RM7.184bil, up 7.1% from RM6.703bil.

TM said the higher earnings were due to the higher revenue, recognition of deferred tax income on unutilised tax incentives and higher unrealised foreign exchange gain on foreign currency borrowings in the current year period. This was partially offset by lower other gains.

"Normalised PATAMI also rose 50.1% year-to-date from RM394.7mil to RM592.5mil due to higher revenue and lower tax expense," it said.

TM group CEO Datuk Seri Zamzamzairani Mohd Isa said revenue by product showed positive growth across data, Internet & multimedia and other telecommunications revenue.

"Broadband remained the key driver of the group's revenue with Internet revenue continuing to record the highest growth, at 19.6%, to RM1.75bil owing to the growth in broadband customers, particularly UniFi.

"Data revenue increased by 6.2% to RM1.56bil against RM1.47bil in year-to-date September 2011," he said.

He said TM would anchoring on Streamyx and UniFi as its key broadband products while its stepped up its efforts to push for quality improvement programmes.

"TM will continue to boost its footing in ICT and Business Process Outsourcing (BPO) services, primarily for the business and enterprise segments in its efforts to transform the company into an integrated information exchange," said Zamzamzairani.

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