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Telekom posts net profit of RM153m in FY18, sees better year


TM's acting group CEO and chief operating officer Imri Mokhtar said 2018 was undoubtedly one of the most challenging times TM has ever faced.

TM's acting group CEO and chief operating officer Imri Mokhtar said 2018 was undoubtedly one of the most challenging times TM has ever faced.

KUALA LUMPUR: Telekom Malaysia reported lower net profit of RM153.15mil in the financial year ended Dec 31, 2018 as it was impacted by persistent headwinds in the industry and operating landscape but it expects this year to be better.

It announced on Tuesday, the net profit fell 83.5% from RM929.75mil in FY17 after making a provision of RM982.5mil. The provision was for the impairment of fixed and wireless network assets due to the continued pressure from challenging business, industry and economic conditions

Corporate News , Telcos

   

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