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Broadband

Telekom Malaysia revenue declines, profit jumps 718%

Wednesday 27 November 2019 | 13:45 CET | News
Telekom Malaysia posted revenue of MYR 8.40 billion for the nine months ended 30 September 2019, which represents a decline of 3.8 percent year-on-year, in line with guidance. The decrease was mainly due to lower contribution from all lines of products except data and non-telecommunication related services. Group EBIT increased to MYR 1.20 billion, from a loss before interest and tax of MYR 187.3 million over the corresponding nine month period of 2018, on the back of lower operating cost, from the Group's various cost optimisation initiatives.

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Categories: Fixed
Companies: Telekom Malaysia
Countries: Malaysia
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