TM says YTD revenue up 7.2%, profits surge 51.9%
By Digital News Asia November 30, 2012
- YTD revenue grows 7.2% to RM7.2 billion; profits up 51.9% to RM900.5 million
- Broadband key revenue driver, with Internet revenue continuing to record highest growth at 19.6%
TELEKOM Malaysia Berhad (TM) announced record Group revenue of RM7.2 billion for the nine months ended Sept 30 2012 from RM6.7 billion in the corresponding period last year, a 7.2% growth year to date (YTD).
The improved performance was achieved on the back of continued momentum across all key products – Internet and multimedia, data and other telecommunications services product lines, TM said in a statement.
[RM1 = US$0.33]
Earnings Before Interest, Tax, Depreciation and Amortization (EBITDA) grew by 1.8% YTD from RM2.29 billion in Q3 2011 to RM2.33 billion in Q3 2012, attributable to higher operating revenue.
Normalized EBITDA after adjusting for FX loss on an international trade settlement was also higher by 1.7% due to higher revenue.
Group Profit After Tax And Minority Interest (PATAMI) rose 51.9% YTD to RM900.5 million compared to RM592.7 million in the corresponding period in 2011 due to the higher revenue, recognition of deferred tax income on unutilized tax incentives and higher unrealized foreign exchange gain on foreign currency borrowings in the current year period, partially offset by lower other gains.
Normalized PATAMI also rose 50.1% YTD from RM394.7 million to RM592.5 million due to higher revenue and lower tax expense, TM said.
“We’re happy to note that TM continued to progress well financially and operationally with our performance being in line with our Headline KPIs (key performance indicators),” said Dato’ Sri Zamzamzairani Mohd Isa (pic), Group CEO, TM.
“Broadband remained the key driver of the Group’s revenue with Internet revenue continuing to record the highest growth at 19.6% to RM1.75 billion owing to the growth in broadband customers, particularly UniFi.
“Data revenue increased by 6.2% to RM1.56 billion against RM1.47 billion in YTD Sept 2011," he added.
With UniFi and Streamyx, TM’s total broadband customer base has exceeded 2.03 million customers, a growth rate of 8.4% YTD against the same period last year. To date, the customer base has grown 9.7% to reach 2.05 million compared to YTD Sept 2011.
“UniFi continues to grow, with … more than 427,000 customers as at Q3 2012. HSBB (high-speed broadband) now covers 1.32 million premises passed, with coverage extended to 94 exchange areas covering the East Coast of Peninsular Malaysia as well as East Malaysia,” Zamzamzairani said.
“To date, we have more than 462,000 customers, which translate into a take-up rate of about 35% of the premises passed. Although we anticipate that the broadband space will be more competitive in the coming year, we are optimistic that we can meet these challenges with the high value proposition of our products and services,” he added.
TM said it would remain focused on maintaining its leadership position in the broadband space, and would continue to boost its footing in ICT and Business Process Outsourcing (BPO) services, primarily for the business and enterprise segments.