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Telekom Malaysia H1 revenue grows 0.7%, EBIT flat

2017-08-30 10:28:54

 Telekom Malaysia posted revenue of MYR 5.94 billion for the first six months of 2017, which represents an increase of 0.7 percent from MYR 5.90 billion in the year-earlier period. Revenue growth was driven by higher internet and ICT revenue contribution, the company said. First-half group EBIT amounted to MYR 560.9 million, compared to MYR 561 million in the first six months of 2016.

Profit after tax and non-controlling interest (PATAMI) reached MYR 440.9 million, whilst Group normalised PATAMI was higher by 18.2 percent year-to-date at MYR 437.8 million for the 6-month period ended 30 June, after setting aside non-operational items such as unrealised forex impact on borrowings and international trade settlements.

Internet revenue grew by 8.5 percent year-to-date. The Group continued to expand its broadband footprint nationwide. Telekom Malaysia ended June with 2.7 million broadband ports nationwide and its LTE network has expanded with coverage now at more than 80 percent in major cities.

Telekom Malaysia ended June with 2.36 million broadband customers. 88 percent of UniFi customers are on packages with speeds of 10Mbps and above, compared to 68 percent in June 2016. The penetration of Telekom Malaysia’s mobility service ‘webe’ reached 5.6 percent of Telekom Malaysia household penetration in the first six months of 2017. First-half capex amounted to MYR 899 million or 15.1 percent of revenue.

Telekom Malaysia has declared an interim dividend of 9.4 sen per share or around MYR 353.2 million.

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