KUALA LUMPUR: Telekom Malaysia Bhd's earnings rose 6.1% to RM1.26bil in the financial year ended Dec 31, 2012 from RM1.19bil in FY11 due to higher revenue, recognition of deferred tax income and unrealised forex gain.
TM said on Wednesday, normalised profit after tax and minority interest, excluding mainly the gain on deferred tax income and unrealised forex gain, stood at RM881.0mil, an increase of 38.8% against RM634.8mil in 2011.
It attributed this to higher revenue and lower tax expense.
TM's revenue rose 9% to RM9.99bil from RM9.15bil in 2011, outstripping industry growth and highest since the demerger in 2008.
"The improved performance was mainly driven by healthy growth across all key products - Internet and multimedia, particularly UniFi, higher data, and other services.
"Earnings before interest, tax, depreciation and amortisation (EBITDA) for FY2012 stood at RM3.23bil, which is higher by 4.7% compared to FY2011 on the back of higher operating revenue. Normalised EBITDA margin was 32% in line with headline key performance indicators (KPIs)," TM said.
It proposed dividend of 12.2 sen per share.
As for its fourth quarter, its earnings fell 39.2% to RM363.24mil in the fourth quarter ended Dec 31, 2012 from RM598.30mil a year ago.
Revenue increased by 12.8% to RM2.81bil from RM2.447bil. Earnings per share were 10.2 sen compared with 16.7 sen.
However, it performed better when compared with the third quarter.
TM's revenue increased by 18.3% from RM2.38 bil to RM2.81bil while EBITDA improved 19.8% on-quarter from RM751.5mil.
“On a normalised basis, EBITDA increased by 12.2% on-quarter to RM855.2mil from RM762.3mil in 3Q2012. PATAMI grew by 20.5% on-quarter to RM363.2mil. Normalised PATAMI also showed improvement of 55.0% on-quarter to RM288.4mil from RM186.1mil in the preceding quarter of 2012.
“In the broadband segment, both Streamyx and UniFi customers cumulatively grew by 1.9% on-quarter to 2.07 million,” it said.[
Feb 27 2013, 07:25 PM
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