TM posts RM568.74mil net profit in 2Q

Telekom Malaysia group chief executive officer Amar Huzaimi Md Deris

KUALA LUMPUR: Telekom Malaysia Bhd (TM) recorded a stronger financial performance in the second quarter ended June 30, 2023 (2Q 2023) with net profit surging to RM568.74 million from RM378.06 million in the same period a year earlier.

Revenue for the quarter rose 0.3 per cent to RM3.10 billion from RM3.09 billion previously propelled by Unifi’s expansion which saw a substantial increase to 3.11 million fixed broadband subscribers, the telecommunication company said in a filing with Bursa Malaysia today.