TM Q2 income falls 51%, forex losses weigh


TM acting group chief executive officer Datuk Bazlan Osman said its unifi basic plan would be extended to everyone beginning September this year, adding that it would no longer be for households earning less than RM4,500 a month.

PETALING JAYA: Telekom Malaysia Bhd’s (TM) earnings fell 51.5% to RM101.93mil in the second quarter ended June 30 (Q2’18), mainly due to foreign-exchange losses on borrowings compared with net gains a year ago.

In a filing with Bursa Malaysia yesterday, TM said revenue slid slightly by 1.5% to RM2.93bil in the quarter compared to RM2.98bil in the corresponding period last year from the dwindling voice and data services which were affected by falling revenue in light of regulatory mandated access pricing. Similarly, its business solutions arm TM ONE’s earnings also fell 30.2% to RM156.5mil in Q2’18 from RM224.3mil a year ago due to lower revenue from voice and data services.

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