TM group chief executive officer Imri Mokhtar said the group would continue to grow its profitability to invest and seize opportunities arising from digital acceleration.
PETALING JAYA: Telekom Malaysia Bhd
’s (TM) net profit went up 4.4% to RM339.84mil in the first quarter ended March 31, 2022 (1Q22) from RM325.46mil driven by lower finance cost from early redemption of RM2bil sukuk completed a year ago.
In a statement, the telco said lower foreign exchange translation loss on borrowings also drove its earnings higher.
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