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lô đề:TM expects growth momentum to continue in 2022

lô đề:TM expects growth momentum to continue in 2022

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KUALA LUMPUR: Telekom Malaysia Bhd (TM) expects its growth momentum to continue over the final quarter of 2022 as it recorded improved revenue contributions in all its core segments.

Over the third quarter ended Sept 30, 2022, TM reported earnings before interest and taxes (Ebit) of RM604.8mil, which was a 38.2% jump from the same quarter last year.

Net profit however was 2.2% lower y-o-y at RM265.2mil as compared to the previous corresponding quarter owing to higher taxes and a foreign exchange translation loss on borrowings.

On a per share basis, earnings came to 7.01 sen as compared to 7.19 sen in the previous comparative quarter.

The result came on the back of operating revenue of RM3.16bil, which was up 12.7% year-on-year (y-o-y).

Of note, the TM Wholesale segment saw a 26% jump in revenue contribution to RM769.9mil from RM610.9mil in 3Q21.

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According to TM, the segment was the biggest revenue growth contributor in the quarter, attributable to higher domestic data and international digital demand from hyperscalers and global carriers within the region.

The group's enterprise and government sector arm, TM One, posted an 11.9% y-o-y increase in revenue to RM891.9mil on the back of connectivity services and customer projects.

Unifi meanwhile posted a 7% y-o-y increase in revenue to RM1.4bil, as it grew its fixed broadband subscriber base to close to three million.

"With 5G now made available, Unifi will leverage this equal playing field to strengthen its position as the preferred provider for FMC, providing the widest and fastest all-in-one solution to meet today’s digital lifestyle," said TM group CEO Imri Mokhtar in a statement.

He added that the group will build its commercial resiliency to face anticipated headwinds in 2023, namely the easing of economic growth, high supply chain cost and more measured customer spending.

"We shall continue to invest in our technology capabilities, new growth areas of FMC and digital solutions, and in building capacity and digital talents within TM; while staying focused on growing with our customers, as well as continuing our operations cost discipline.

“Competition in the FMC and the digital space is intensifying. We are strengthening our mobile business with the right strategy and capabilities to take TM into an era of true convergence," he said.


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