Telekom Malaysia has reported flat fourth quarter profits, posting a net profit of MYR592.5 million (USD184.5 million) for the three months to 31 December 2007, compared with MYR590.8 million in the same period of 2006. Revenue rose 7.4% to MYR4.7 billion, mainly driven by Celcom, Telekom’s domestic wireless arm and its Indonesian mobile unit, Excelcomindo Pratama (XL). Telekom is currently spinning off its wireless businesses into a separately listed company currently dubbed RegionCo. As part of this exercise, the group declared a fourth quarter special dividend of MYR0.65 a share, making a total of MYR0.87 for the year.
For the year, Telekom’s net profit rose 23% to MYR2.55 billion from MYR2.07 billion in 2006. Overall revenues for 2007 grew by 8.8% to MYR17.84 billion, of which its Malaysia Business division generated 40.9%, Celcom 27.8%, TMI Group 27.7% and TM Ventures 3.6%.