Telekom's acting group CEO and chief operating office Imri Mokhtar said revenue challenges continued to persist into the first quarter of the year, with intensifying competition and price erosion.
KUALA LUMPUR: Telekom Malaysia Bhd
’s net profit almost doubled in the first quarter ended March 31 to RM308.28mil from RM157.15mil a year ago, mainly due to a reduction in operating costs.
The telecommunication company told Bursa Malaysia that its revenue dipped by 2.4% to RM2.78bil from RM2.85bil a year ago. Its earnings per share were 8.2 sen compared with 4.18 sen.
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
