TM's 2Q net profit improves 12% on lower operating costs

TM's 2Q net profit improves 12% on lower operating costs

The Edge Markets - Malaysia·2019-08-28 13:59

KUALA LUMPUR (Aug 28): Telekom Malaysia Bhd's (TM) net profit for the second quarter ended June 30, 2019 rose 12% year-on-year (y-o-y) to RM114.18 million or 3.04 sen per share from RM101.93 million or 2.71 sen per share.

This was despite a 6% drop in revenue during the quarter, the group said in a filing today. Revenue fell to RM2.77 billion against RM2.94 billion a year ago due to a decline in voice, Internet and multimedia services, other telecommunication related as well as non-telecommunication related services.

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