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.
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