KUALA LUMPUR: Telekom Malaysia Bhd's (TM) net profit increased 4.4 per cent to RM339.85 million during the first quarter (Q1) ended March 31, 2022, from the RM325.47 million recorded in the same quarter a year ago.
In a statement today, TM said this resulted from the lower finance cost from early redemption of RM2 billion sukuk completed in Q1 2021 and a lower foreign exchange translation loss on borrowings.
The group said this was achieved despite higher tax charges from the application of the Cukai Makmur tax rate.
Revenue in the same quarter increased 2.9 per cent to RM2.89 billion from RM2.81 billion, on the back of strong demand for voice, internet and multimedia.
unifi continued its growth performance, recording a revenue increase of 10.6 per cent from RM1.25 billion to RM1.38 billion in the current quarter.
TM said sustained by increasing demand from internet, voice, and devices sales, with cumulative fixed internet subscribers rising by 17.5 per cent against the corresponding quarter last year.
unifi remains the largest growth contributor for the group.
TM group chief executive officer Imri Mokhtar said the company focuses on improving its core business while investing in new growth areas to meet client demands in the second year of its transition.
"To ensure sustainability in the long run, we continue to grow our profitability to invest and seize opportunities arising from digital acceleration.
"unifi continues to improve its fixed broadband and fixed-mobile convergence value propositions to improve the customer experience while expanding our offerings to provide quality entertainment to customers at home or on the go," he said.
Imri said the group has also achieved key milestones in its sustainability efforts.
"TM One has successfully secured the green electricity tariff from Tenaga Nasional Bhd for its data centres in Kuala Lumpur, Cyberjaya, and Johor Bahru, contributing to a lower carbon footprint as the demand for cloud storage inevitably increases.
"This is in addition to the existing Green Building Index (GBI) certification earlier obtained for its core data centres.
"TM's broader ESG commitment also remains consistent with Malaysia's initiatives towards achieving net-zero greenhouse gas emissions for the country by 2050," he added.