Telekom Malaysia has published its financial results for the year ended 31 December 2015, saying it had seen ‘improvements in key areas despite a challenging economic environment and intense competition’.
In the twelve-month period under review the company recorded a total turnover of MYR11.72 billion (USD3.02 billion), representing year-on-year growth of 4.3%, driven by higher revenue across all services. Group reported EBITDA in FY 2015 was up 1.6% against the previous fiscal year at MYR3.69 billion, while group operating profit totalled MYR1.26 billion, a decline of 2.9% from FY 2014, with this drop attributed to the full-year consolidation of Packet One Networks (P1). Excluding one-off items such as unrealised forex gain on international trade settlements, group normalised EBIT was MYR1.24 billion, a 10.6% y-o-y decline. Group reported net profit meanwhile was MYR700.3 million, down from the MYR831.8 million recorded in 2014, with the decline said to primarily be due to foreign exchange losses due to the weakening Malaysian Ringgit against the US Dollar. Total CAPEX in 2015 was MYR2.51 billion, or 21.4% of revenue.
Commenting on the operational performance of the company in the year under review, TM Group CEO Tan Sri Zamzamzairani Mohd Isa said: ‘2015 was a busy year for TM. Despite a challenging environment, our current business continues to grow … Last year, our total broadband customer base grew by 4.9% to 2.34 million customers, driven by UniFi. UniFi continues to see a healthy growth of 15.1%, with more than 839,000 customers as at December 2015. Together with premises passed under High Speed Broadband Project Phase 2 (HSBB 2), we now have wider HSBB footprint of 1.89 million ports, with an overall take up rate of 44%. I’m pleased to note that 56% of our broadband customers are now on packages of 4Mbps and above. Also, with the launch of the all new UniFi and the UniFi Advance package last October, 46% of our UniFi customers are now on packages of 10Mbps and above.’