TM’s pre-tax profit for first-half of year up 15%

KUALA LUMPUR: Telekom Malaysia Bhd (TM) posted a pre-tax profit of RM519.5mil for the first six months ended June 30, 2010, an increase of 15.4% from RM450.2mil previously.

Its revenue also increased to RM4.28bil from RM4.23bil previously, driven by increasing demand for Internet and data services.

For the second quarter ended June 30, the group recorded a pre-tax profit of RM166.9mil, a drop of 53.5% from RM358.9mil in the same quarter for last year.

However, its revenue increased 1% to RM2.15bil from RM2.13bil previously.

Speaking at a press conference, TM Group chief executive officer Datuk Seri Zamzamzairani Mohd Isa said that the half year performance was boosted by growth in data revenue by 11.5% to RM822.6mil, compared with RM738.0mil in the same period last year, arising from demand for higher bandwidth services.

He said Internet services revenue increased by 8.6% to RM854.2mil for the first half of this year from RM786.7mil previously.

“This is mainly the result of year-on-year growth of 12.5% in broadband customers to 1.541 million in the current first half of the year from 1.37 million in the same period last year,” he explained.

On the take-up rate for its High Speed Broadband (HSBB) service, Unifi, Zamzamzairani said that it has been very encouraging, with more than 4,800 customers on board as at June 30, with total orders having exceeded 12,000 as of last week.

“We hope to achieve between 40,000 to 50,000 Unifi customers by year end,” he added.

Since July, TM has expanded its Unifi coverage to 18 more areas, including five areas outside the Klang Valley.

The group is on track to increase its Unifi service to a total of 48 exchange areas by Dec 31. — Bernama

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