Telekom Malaysia posts FY20 net profit of RM1.01b

KUALA LUMPUR: Telekom Malaysia Bhd posted net profit of RM1.01bil in the financial year ended Dec 31,2020, an increase of 60.6% from RM632.67mil a year ago due to lower tax charges and improved performance of subsidiaries.

It announced on Wednesday revenue decreased by 5.2% or RM593.9mil to RM10.84bil from RM11.43bil in FY19 due to lower revenue from all lines of products.

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