‘KTMB accumulated loss of RM2.829bil’

Cause for concern: The commuter train service contributed the highest revenue to KTMB from 2015 to 2017 but still recorded losses after deducting its operating expenses.

KUALA LUMPUR: Keretapi Tanah Melayu Berhad (KTMB) has an accumulated loss of RM2.829bil as of Dec 31 last year, according to the second series of the Auditor-General’s Report 2018.

It was among the audit findings, where the loss was due to, among others, KTMB not being given the freedom yet to make its own decisions, particularly on the company’s operations and usage of assets.