Telekom Malaysia sees net profit down to RM396.42m in 2Q, declares 12.5 sen dividend

KUALA LUMPUR, Aug 26 — Telekom Malaysia Bhd (TM) has posted a lower net profit of RM396.42 million in the second quarter ended June 30, 2024 (2Q 2024), down from RM568.74 million...

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Revenue also edged down by 1.7 per cent to RM2.91 billion during the quarter from RM2.96 billion previously, it said in Bursa Malaysia filing today. TM has declared an interim dividend of 12.5 sen per share, amounting to RM479.7 million, for the half-year ended June 30, 2024 , an increase from the 9.5 sen per share interim dividend declared in the previous year.

Due to lower international voice service revenue, it said TM Global’s operating revenue declined by 8.6 per cent to RM751.5 million in 2Q 2024 from RM822.5 million in 2Q 2023. “TM continues to support the 5G ecosystem in Malaysia and provide high-quality converged digital offerings across various segments of our customers.

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