Positive growth across all customer segments, namely unifi, TM One, and TM Wholesale, outperformed Telekom Malaysia Bhd’s (TM) first-half (1H) 2021 earnings.
Net profit grew 27.3 per cent to RM544.06 million in 1H ended June 30, 2021, from RM427.27 million recorded in the same quarter a year ago, while revenue in the same six month period increased 8.2 per cent to RM5.57 billion from RM5.15 billion.
Driven by growth across its customer segments, the group will continue to invest in future growth by modernising its network and technology platforms to deliver the best current and future solutions for its multi-segment customers.
Capital expenditure (capex) spending in the first half of the year stood at RM597.0 million or 10.7 per cent of revenue.
Of the amount invested, 65 per cent was for network access, 16 per cent for core network, and the balance 19 per cent for support systems.
TM managing director and chief executive officer Imri Mokhtar said the group is on track to meet its 2021 targets in line with market guidance.
“Coming off an exceptional first quarter (Q1), we recorded notable improvements in our 1H 2021 revenue and profitability against the same period last year.
“This was driven by higher revenue achieved by all of our customer segments and better cost-efficiency.
“The current nationwide movement control order (MCO) has certainly influenced our business landscape and customer operations, but we are delighted with the momentum of our value programmes and the commitment of our frontliners,” he said.
For Q2, TM’s net profit eased 20.4 per cent to RM218.59 million from RM274.45 million, due to a RM3.1 million foreign exchange (forex) loss on borrowings in the current quarter to a RM19.2 million gain in the corresponding quarter last year.
Revenue in the same quarter grew 6.5 per cent to RM2.76 billion from RM2.59 billion.
TM has declared an interim single-tier dividend of seven sen per share for the financial year ending December 31, 2021.
TM will pay the dividend on September 30, 2021. – NST ONLINE
