Telekom Malaysia reports higher revenue and profitability for FY2023

  • 📰 DNewsAsia
  • ⏱ Reading Time:
  • 7 sec. here
  • 7 min. at publisher
  • 📊 Quality Score:
  • News: 23%
  • Publisher: 51%

Business News

Telekom Malaysia,Financial Results,Revenue

Telekom Malaysia Berhad (TM) has announced its financial results for the year ended 31 December 2023 (FY2023), with the group reporting higher revenue and profitability compared to FY2022.

Telekom Malaysia Berhad (TM) has announced its financial results for FY2023 , reporting higher revenue and profitability compared to FY2022. The group's revenue reached US$2.56 billion, driven by the strong performance of Unifi and TM Global.

Despite higher operational costs, the group's Ebit remained flat at RM2.09 billion, while its Patami rose 63.6% to RM1 billion.

Telekom Malaysia Financial Results Revenue Profitability FY2023

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 23. in MY

Malaysia Latest News, Malaysia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

KLCCP Stapled Group Reports 19% Increase in Net Profit for FY2023KLCCP Stapled Group reported a 19% increase in net profit for FY2023, reaching RM931.29 million. Its revenue also rose 10.9% to RM1.62 billion. The group's retail segment saw a 9.3% increase in revenue to RM137.1 million. KLCCP has declared a distribution of 14.4 sen per stapled security for Q4, totalling 40.5 sen for 2023, the highest since the stapled security's listing.
Source: fmtoday - 🏆 5. / 72 Read more »

Great Eastern Takaful Berhad Optimistic About Customer GrowthGreat Eastern Takaful Berhad (GETB) is optimistic about the prospects of customer growth or certificate holders this year, taking into account the challenging market conditions.
Source: UMonline - 🏆 27. / 51 Read more »

World Bank economist blames lack of competitiveness for ringgit's poor performanceThe ringgit's poor performance can be attributed to the lack of competitiveness in Malaysia over the past 28 years, according to a World Bank economist. This was partly a consequence of the Malaysia Development Berhad (1MDB) financial scandal. Malaysia's lack of reform affected its economy in the long run, resulting in its GDP and exports falling.
Source: staronline - 🏆 4. / 75 Read more »

Tourism Malaysia D-G Ammar Abd Ghapar removed from post, status in limboKUALA LUMPUR, Feb 23 — Malaysian Tourism Promotion Board (Tourism Malaysia) director-general (D-G) Datuk Ammar Abd Ghapar confirmed that he has been removed from his post with...
Source: malaymail - 🏆 1. / 86 Read more »

Malaysia Madani white rice initiative to be discussed in upcoming meetingThe Agriculture and Food Security Minister has been tasked to hold engagement sessions on the Malaysia Madani white rice initiative, with its outcome to be decided at the next National Action Council on Cost of Living (Naccol) meeting to be held in a month's time.
Source: staronline - 🏆 4. / 75 Read more »

Malaysia to adopt Japan's disaster management methodsMalaysia plans to use AI technology and big data, following Japan's example, to tackle flooding issues in the country. Deputy Prime Minister Ahmad Zahid Hamidi believes that these methods have proven effective in the long term and will be coordinated by the National Disaster Management Agency and the Department of Irrigation and Drainage.
Source: theSundaily - 🏆 25. / 51 Read more »