Telekom Malaysia’s pre-tax profit rises to RM1.07b

KUALA LUMPUR, Feb 27 – Telekom Malaysia Bhd’s pre-tax profit rose to RM1.07 billion for the financial year ended Dec 31, 2012, compared with RM1 billion in 2011.
Revenue also increased to RM9.99 billion from RM9.51 billion.
For the fourth quarter, pre-tax profit rose to RM346.22 million, on the back of a higher revenue of RM2.81 billion.
Group CEO Datuk Seri Zamzamzairani Mohd Isa said the improved performance was mainly driven by healthy growth across all key products, namely, Internet and multimedia, particularly UniFi, higher data and other services.
“Earnings before interest, tax, depreciation and amortisation (EBITDA) for the 2012 financial year stood at RM3.23 billion, up by 4.7 per cent compared with the 2011 financial year.
“Normalised EBITDA margin was 32 per cent, in line with our headline key performance indicators,” he told a press conference after announcing TM’s 2012 full year result today.
Profit after tax and minority interest (PATAMI) for the 2012 financial year grew by 6.1 per cent to RM1.26 billion, mainly attributed to higher revenue, recognition of deferred tax income and unrealised foreign gain.
Normalised PATAMI stood at RM881 million, up by 38.8 per cent against RM634.8 million in 2011, attributable to higher revenue and lower tax expense.
The group has proposed a dividend of 12.2 sen per share, subject to shareholders’ approval, expected to be paid in June.
“Our customer base in the broadband segment grew by 7.4 per cent in 2012 to 2.07 million.
“To date, we have activated more than 514,000 UniFi customers and we’re continuing the momentum into this year,” Zamzamzairani said.
Moving forward, Telekom Malaysia expects revenue growth to be at six per cent this year while EBIT growth is projected at three per cent.
Zamzamzairani said the group’s focus this year is to maintain its position as Malaysia’s Broadband Champion anchoring on Streamyx and UniFi as its key products. – Bernama