Published on 26 February 2019 In a filing with Bursa Malaysia, TM attributed the performance to impairment of network assets recognised by the group in the third quarter of 2018. — Picture by Mukhriz Hazim KUALA LUMPUR, Feb 26 — Telekom Malaysia Bhd’s net profit for the year ended Dec 31, 2018 declined 83.52 per cent to RM153.154 million from RM929.749 million in FY2017. Revenue also fell to RM11.82 billion in FY2018 from RM12.08 billion previously.
In a separate statement, TM said its performance was impacted by persistent headwinds in the industry and operating landscape during the financial year. Total capital expenditure for FY18 stood at RM2.14 billion or 18.1 per cent of revenue, lower than TM’s full year capex guidance of between 19 and 20 per cent of revenue. Meanwhile, TM also declared an interim cash dividend of two sen per share — a payout amounting to RM75.1 million, expected to be distributed on April 12, 2019.
Any company can show profits when its a monopoly, open up the market, the true value exposed.
So last time it was elevated with trickery?
Tough road ahead for TM...Downsizing and Automation is a key option for this telecommunication giant
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Telekom Malaysia's 2018 net profit falls 83.52pct to RM153.52mRevenue also fell to RM11.82b in the fiscal year 2018 from the previous RM12.08b, TM tells in a filing with Bursa Malaysia. Need to invest b4 make profit Rakyat gained from profit fall... Thank you GobindSinghDeo This is what we must do for those other companies holding toll concessions. Time to force them to reduce toll rates instead of no toll. No toll is a fallacy
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