TM pre-tax profit up 21.8% to RM279.6m, sees good year ahead (Update)

KUALA LUMPUR: Telekom Malaysia Bhd's group profit before tax increased 21.8% to RM279.6mil from RM229.5mil in Q1, 2013 due to lower net finance cost and net foreign exchange and expects a good year ahead, underpinned by domestic demand.

It said on Wednesday that earnings slipped 1.2% to RM210.63mil from RM213.24mil a year ago due to the absence of tax incentive.