In this article, you will get all information regarding TM Records 3Q Revenue Increases To RM3.16 Billion, Highest In Last 10 Quarters

Telekom Malaysia saw its operating revenue increase by 12.7% to RM3.16 billion, from RM2.80 billion in 3Q2021, being the highest revenue recorded in the last ten quarters.

The group said better business cost efficiency from prudent operational spending plus optimisation programmes contributed to a better Group’s Earnings Before Interest and Taxes (EBIT) reported at RM604.8 million, a 38.2% growth from RM437.5 million in 3Q last year.

Profit After Tax and Non-controlling Interest (PATAMI) stood at RM265.2 million, a decrease of 2.2% from RM 271.3 million recorded last year, as a result of higher taxation payout and foreign exchange translation loss on borrowings.

The Group invested CAPEX at 19.1% of revenue this quarter, amounting to RM603.7 million to meet customers’ demands through fibre expansion, network modernisation and technology upgrades.

Unifi has been the staple for the company, recording a revenue increase of 7.0% from RM1.31 billion to RM1.40 billion. It grew its fixed broadband subscriber base by close to 3 million during the period.

As for TM One, the Group’s enterprise and government sector arm, recorded an 11.9% growth in revenue from RM796.9 million to RM891.9 million in 3Q2022, clocking in a solid performance in the quarter.

Growth was from both enterprise and government sector segments driven by connectivity services and customer projects. TM One inked more collaborations with several organisations to enable their customers’ digitalisation and transformative plans.

TM Wholesale (TMW) recorded a stellar performance in 3Q2022, with revenue increasing by 26.0% from RM610.9 million to RM769.9 million, making it the biggest revenue growth contributor for the Group in the current quarter. More than 5,400 cumulative 4G and 5G fibre backhaul sites were deployed to expand network coverage and accelerate digital implementation nationwide. TMW continues to support the industry’s demand for High-speed Broadband Access (HSBA), delivering a total of more than 670,000 ports for 5 local broadband providers.  

TM Records 3Q Revenue Increases To RM3.16 Billion, Highest In Last 10 Quarters

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