TM’s mobile and data services boost 3Q profits

Telekom Malaysia™ has recorded a jump in third quarter net profit to MYR775.9 million (USD205.6 million) from MYR330 million (USD87.4 million) in the same quarter a year ago. Quarterly revenues rose 5.1% to MYR3.5 billion (USD927.4 million) from MYR3.3 billion, mainly due to higher turnover from cellular, internet and multimedia operations. Traditional voice services contributed MYR4.3 billion to group revenues in the quarter under review, down from MYR4.5 billion. Reacting to the results, TM’s chairman Tan Sri Md Radzi Mansor said ‘whilst our fixed line revenues continue to provide us with healthy and strong cash flow, our growth is mainly being driven by the strong performance of other services, with a year-on-year growth of 16.1% in the mobile division and 33.6% in internet and multimedia.’ TM’s mobile subsidiary Celcom posted a pre-tax profit of MYR773.6 million for the first nine months of the year, an increase of 57% from MYR491.5 million in the same period last year. Group chief executive officer Datuk Abdul Wahid Omar said TM would focus on developing its GSM and 3G customer base while at the same time aggressively expanding broadband services.