KUALA LUMPUR: Telekom Malaysia Bhd
(TM) recorded a lower net profit of RM401.25 million in the first quarter ended March 31, 2025, compared with RM424.81 million in the corresponding quarter last year.
Its revenue, however, rose slightly by 0.5 per cent to RM2.85 billion from RM2.83 billion previously, driven primarily by higher contributions from data, other telecommunication services and the education segment.
TM said its first quarter revenue performance was in line with expectations, coming within the projected low single-digit growth range.
"Growth in business-to-business (B2B) digital solutions and sustained demand in the carrier-to-carrier (C2C) segment helped offset the softer business-to-consumer (B2C) performance,” it said in a stock exchange filing.
TM said it remains focused on strengthening its core operations, scaling enterprise and digital services, and enhancing cost efficiency to stay on track with its 2025 strategic commitments. - Bernama
