PETALING JAYA: Telekom Malaysia Bhd
’s (TM) first half financial year 2017 (1H17) results were in line with expectations, with lower depreciation offsetting seemingly higher-than-expected wireless losses.
The telecommunications company’s second quarter ended June 30, 2017 (2Q17) core net profit of RM208mil was 24% higher on-year, bringing 1H17 core net profit 18% higher on-year to RM438mil. This came to 54% and 51% of Maybank Investment Research’s and consensus forecasts respectively.
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