Telekom Malaysia posts 10% rise in Q3 revenue

29 Nov 2013

Malaysian fixed line incumbent Telekom Malaysia has announced group revenue of MYR2.61 billion (USD805 million) for the third quarter of 2013, an increase of 9.9% from MYR2.38 billion in the year-ago period, on the back of higher revenue contribution from internet and data services. EBITDA for the three months ended 30 September 2013 rose 20.6% year-on-year to MYR906.3 million, while reported profit after tax and minority interest (net profit) was MYR240.9 million, 20% lower than MYR301.4 million in 3Q12, mainly due to foreign exchange losses on translation of foreign currency borrowings. Excluding unrealised forex loss attributable to the strengthening of the US dollar against the ringgit, normalised net profit showed an improvement of 32.4% year-on-year to MYR270.3 million.

Commenting on the results, Tan Sri Zamzamzairani Mohd Isa, Telekom Malaysia’s CEO, said: ‘As at end September 2013, we have rolled out the High Speed Broadband (HSBB) project to 1.462 million premises covering 103 exchanges nationwide. We closed the quarter with more than 607,000 UniFi (fibre) customers – a net add of about 180,000 or 42.2% growth y-o-y…. To date, 39% or 841,000 of our total broadband customers are on high speed broadband packages (Streamyx 4Mbps and 8Mbps and UniFi). HyppTV is also showing encouraging take up especially with the stronger offering from the introduction of new channels over the last quarter, underscored by the value-for-money packages available.’

Malaysia, Telekom Malaysia