Telekom Malaysia Berhad recorded a steady performance in its First Quarter ended 31 March 2022, the group’s operating revenue increased by 2.9% to RM2.89 billion, compared to RM2.81 billion in the same quarter last year, driven primarily by increased demand for voice, Internet and multimedia.
Profit after tax and non-controlling interests (PATAMI) for the quarter was at RM339.9 million or 4.4% higher than the RM325.5 million recorded in 1Q2021. The Group also recorded lower financial costs subsequent to the early redemption
of its RM2 billion sukuk in March 2021, as well as lower foreign exchange translation losses on borrowings. The Group has applied the Cukai Makmur statutory tax rate accordingly for the current quarter
Manpower optimisation and along with foreign exchange impact on trade settlement has led to a 5.0% decrease in EBIT at RM560.4 million compared to RM589.7 million in the same quarter last year. Excluding these costs, the Group’s underlying EBIT is 14.0% higher at RM650.2 million compared to RM570.5 million in 1Q 2021. Free Cash Flow is lower by 15.1% at RM658.8 million compared to RM775.7 million due to higher CAPEX as the Group continues to invest in business expansion and meeting customers’ demands through technology refresh and network delivery, ensuring steady growth.
Growth continues to be generated from unifi, recording a revenue increase of 10.6% from RM1.25 billion to RM1.38 billion in the current quarter. TM Wholesale also recorded a growth performance for 1Q2022, with revenue increasing by 1.2% from RM631.9 million in 1Q2021 to RM639.5 million, mainly contributed by higher revenue from voice and data services. TM One, the Group’s enterprise and public sector arm, recorded a 7.4% decrease in revenue from RM925.2 million to RM856.8 million in 1Q2022 due to decline in data services revenue.
Commenting on the results, Group CEO Imri Mokhtar said “Into the second year of our Transformation, we are focused on strengthening our core business while investing into new growth areas to meet customers’ demands.
