Telekom Malaysia Q1 earnings up 53% to RM250.63m

KUALA LUMPUR: Telekom Malaysia's
net profit rose 53.4% to RM250.63mil in the first quarter ended March
31, 2012 from RM163.30mil a year ago due to higher revenue and also
higher unrealised forex gain on its US dollar debt.
Following
the strong set of its results, TM said on Wednesday its focus for 2012
would still be maintaining its position as Malaysia's broadband
champion, with Streamyx and UniFi as its key broadband products.
TM's
revenue rose at a slower pace of 10.9% to RM2.383bil from RM2.148bil.
Earnings per share were seven sen compared with 4.6 sen a year ago.
TM
said revenue growth was underpinned by positive growth across all key
products ranging from Internet and multimedia, data, voice and other
telecommunications related services.
As for earnings before
interest, tax, depreciation and amortisation (EBITDA), it recorded a
7.1% growth on-year from RM730.9mil in Q1, 2011 to RM782.6mil in Q1,
2012, boosted by higher operating revenue.
TM said normalised
EBITDA increased 7.6% on-year to RM784.6mil. EBITDA margin was at 32.5%
whilst normalised EBITDA margin was at 32.6%.
TM group CEO Zamzamzairani Mohd Isa
said in Q1, 2012, Internet revenue grew 24.3% on-year to RM563.4mil,
which was due to an 11.4% increase in customers for both Streamyx and
UniFi.
"Collectively, our broadband customer base grew to 1.97
million in Q1, 2012 from 1.77 million in the same period last year," he
said.

53.4% Q-O-Q

should be explosive, damn TM-CR

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ouch jz nw din tapau tm-cr ... [You must be registered and logged in to see this image.]

looks like ur are faster than the daily newspaper

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Kenanga ups Telekom’s target price

Kenanga Research raised its target price for state telecoms group
Telekom Malaysia Bhd to RM5.65 per share from RM5.52 after the
company’s stronger-than-expected earnings results.

“Telekom’s 1Q12 core net profit of RM183 million came in slightly
above the street and our estimate due mainly to a lower direct cost and
a lower effective tax rate,” Kenanga said in a research note on
Thursday.

Kenanga raised its estimates for Telekom’s core net profit for the
financial years 2012 to 2014 by 6-8 percent to RM722 million-RM849
million but maintained Telekom’s revenue growth estimate at 5 percent.
-- Reuters