Thursday 28 Mar 2024
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KUALA LUMPUR (Aug 30): Telekom Malaysia Bhd (TM)'s net profit fell 34.24% to RM139.45 million or 3.71 sen per share in the second quarter ended June 30, 2016 (2QFY16) from RM212.07 million or 5.69 sen per share a year ago, on lower operating profit, higher finance cost and foreign exchange losses on its borrowings arising from the weakening of ringgit against US dollar.

Revenue for the quarter, however, rose 7.39% to RM3.05 billion from RM2.84 billion in 2QFY15, a filing with Bursa Malaysia showed.

In a separate filing, TM said announced a first interim single tier dividend of 9.3 sen per share for the financial year ending Dec 31, 2016 (FY16), payable Oct 7. The ex-date and entitlement date fall on Sept 15 and Sept 20 respectively.

For the first half ended June 30, 2016 (1HFY16), TM's net profit grew 35.46% to RM461.89 million or 12.29 sen per share from RM340.98 million or 9.16 sen per share.

Revenue for 1HFY16 rose 5.36% to RM5.9 billion from RM5.6 billion.

In a statement today, TM group chief executive officer Tan Sri Zamzamzairani Mohd Isa said the group has maintained its leadership position in the broadband space with a 3.4% year-on-year increase in total broadband customer base to 2.37 million customers.

"UniFi continues to see a healthy growth, with a net addition of about 118,000 customers to over 900,000 customers as at 2QFY16," he added.

At 2.02pm, TM was traded 2 sen or 0.29% lower at RM6.86, for a market capitalisation of RM25.78 billion.

 

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