Telekom Malaysia's 1Q net profit rises to RM424.81mil

Telekom Malaysia group chief executive officer Amar Huzaimi Md Deris

KUALA LUMPUR: Telekom Malaysia Bhd’s (TM) net profit for the first quarter ended March 31, 2024 (1Q 2024) rose by 28.7 per cent to RM424.81 million from RM330.10 million registered in 1Q 2023.

Revenue increased 1.8 per cent to RM2.84 billion from RM2.79 billion previously, driven by solid performance from TM Global and growth in Unifi’s subscriber base.