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Telekom Malaysia Posts Higher Q1 Profit

Telekom Malaysia Bhd (TM) recorded a higher pre-tax profit of RM846.7 million for the first quarter (Q1) ended March 31, 2007 compared with RM842.09 million in the same quarter last year.

Revenue for the quarter rose to RM4.181 billion from RM3.787 billion due to higher revenue contribution from mobile, data and internet and multimedia segments, the company said in a statement, here Monday.

Its profit after tax and minority interest (PATAMI) amounted to RM595.7 million in the quarter, up 9.2 percent from RM545.6 million posted in the same quarter of last year.

Group chief executive officer, Datuk Abdul Wahid Omar, said TM was delighted that its efforts to strengthen the group’s domestic business had borne fruits as reflected by Celcom (Malaysia) Bhd’s improved performance and the strong growth of the group’s internet and multimedia segments.

He said its international operations also grew significantly, contributing 28 percent to group PATAMI and 27 percent to group revenue.

Abdul Wahid said that the group also registered 35.9 percent growth in its total mobile customers to 30.3 million in the quarter reviewed from 22.3 million in the previous corresponding quarter.

Celcom grew its revenue to RM1,185.6 million in the quarter under review from RM1,015.2 million posted in the same quarter of 2006 due to significant improvement in prepaid revenue which stood at RM682.5 million from RM558.8 million.

This was achieved despite the decrease in customer base to 6.2 million as against 7.2 million 2006 as a result of the termination of the non-registered prepaid customers in late 2006.

As for its overseas ventures, Dialog Telekom Ltd also continued to show steady growth registering a 26 percent increase in revenue to Sri Lankan rupee (SLR) 7.5 billion (SLR100=RM3.182) for the first quarter of 2007 from SLR 6.0 billion in 2006.

PT Excelcomindo Pratama Tbk recorded revenue of Indonesian ruppiah (Rp) 1,763 billion (Rp1000=38 sen), up by 37 percent from Rp 1,287 billion in the same quarter of last year.

However, its profit after tax declined to Rp 176 billion from Rp 356 billion.

TM International Bangladesh Ltd (TMIB) posted a revenue of Bangladeshi Taka (BDT) 3.4 billion (BDT100=RM5.023) in Q1 2007, up by 26 percent from BDT 2.7 billion registered in the same quarter of last year.

Profit after tax improved to BDT 895 million from BDT 736 million.-Bernama

Kugan is the co-founder of MalaysianWireless. He has been observing the mobile industry since 2003. Connect with him on Twitter: @scamboy

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