TM to invest 14% to 18% of FY21 revenue for capex

TM to invest 14% to 18% of FY21 revenue for capex

The Edge Markets - Malaysia·2021-02-25 05:06

KUALA LUMPUR (Feb 24): Telekom Malaysia Bhd (TM) will be investing between 14% and 18% of its annual revenue for the financial year ending Dec 31, 2021 (FY21) for capital expenditure (capex) purposes, said its chief executive officer Imri Mokhtar.

He is expecting flat to single-digit revenue growth for FY21, versus its unaudited FY20 revenue of RM10.84 billion. Pre-tax profit is expected to be more than RM1.6 billion, versus RM1.02 billion in FY20.

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