TM revenue climbs in Q3 on record subscribers growth, but profits fell on higher costs


KUALA LUMPUR: Telekom Malaysia Bhd posted a higher revenue in the third quarter, driven by higher new subscribers growth for its unifi services, but increased operating costs dented its earnings.

The group's fixed broadband subscriber base saw three consecutive quarters of record breaking increase at 18.8% to 2.6 million at the end of September.

Revenue in the three-month ended Sep 30 rose 4% to RM2.8bil from RM2.69bil a year ago.

Net profit, however, declined 17.6% to RM271.2mil.

Operating profits before finance cost was RM434.3mil for the quarter ended, down 5.5% from the RM459.8mil reported in the same quarter last year.

This was mainly due to the increase in operating costs, which included provisions recognised in relation to the Group’s manpower optimisation initiatives.

The current quarter also saw foreign exchange translation losses of RM12.5mil.

Article type: metered
User Type: anonymous web
User Status:
Campaign ID: 46
Cxense type: free
User access status: 3
Join our Telegram channel to get our Evening Alerts and breaking news highlights

Telekom Malaysia , TM , unifi

   

Next In Business News

Glove stocks rally as new Covid-19 variant spooks investors �
IJM Corp posts RM639mil net profit in Q2 on disposal gain�
Axiata signs science-based target initiative pledge to commit to net zero initiative
Aurelius Technologies aims to raise RM104.73mil from Main Market listing
Sime Darby earnings impacted by China industrial slowdown in Q1FY22
Hong Leong Bank posts stronger Q1FY22 earnings of RM858.25mil
Malaysia's exports for Jan-Oct 2021 surge 25% to top RM1 trillion
Bursa pares losses but remains broadly lower
Spectrum costs will dial up debt for some Apac telcos, including Malaysia
Australia dollar takes breather from Omicron shock

Others Also Read


Vouchers