Telekom Malaysia Q2 earnings jump 173% to RM348.4m (4863)

KUALA LUMPUR: Telekom Malaysia Bhd's
earnings rose 173% to RM348.45mil in the second quarter ended June 30,
2012 from RM127.24mil a year ago and it rewarded shareholders with an
interim dividend of 9.8 sen a share.
It announced on Wednesday
that the higher earnings were mainly due to the higher revenue, change
of useful life of network assets and recognition of deferred tax
income, which partially offset the impact of unrealised foreign
exchange loss on borrowings in the current year quarter.
"Normalised PATAMI also showed improvement, with a growth of 64.9% on-year to RM223.0mil from RM135.2mil," it said.
TM's broadband segment continued to record growth, with Streamyx and UniFi
customers growing by 9.9% on-year to 2.011 million customers. This
pushed Internet revenue up19.2% on-year from RM487.9mil to RM581.6mil.
Revenue increased by 8.5% to RM2.425bil from RM2.233bil. Earnings per share were 9.70 sen compared with 3.60 sen.
The
higher revenue was due to higher contribution from Internet and
multimedia, other telecommunications and non-telecommunications related
services.
"EBITDA grew 6.8% on-year from RM746.9mil to
RM797.4mil. On a normalised basis, EBITDA increased by 3.2% YoY from
RM768.1mil to RM792.3mil.
In the first half ended June 30, 2012,
its earnings doubled or rose 106% to RM599.08mil from RM290.54mil.
Revenue increased at a smaller pace of 9.7% to RM4.808bil from
RM4.381bil.