Telekom Malaysia posts net profit of RM632m in FY19

Telekom Malaysia said the group’s ability to sustain a continuous reduction in operating costs further contributes to improved performance year on year.

KUALA LUMPUR: Telekom Malaysia Bhd's net profit surged over 300% to RM632.67mil in the financial year ended Dec 31,2019 on lower impairment losses and reduction in operating costs.

It said on Friday the earnings were 313% higher than the RM153.15mil in FY18.