WITHIN REACH

TELEKOM Malaysia Bhd is con­fi­dent of breach­ing the RM3 bil­lion rev­enue mark in the first quar­ter of fi­nan­cial year 2018 due to its strong foun­da­tion, says man­ag­ing di­rec­tor and group chief ex­ec­u­tive of­fi­cer Datuk Seri Mo­hammed Shaz­a­lli Ramly.

New Straits Times - - Business - FARAH ADILLA KUALA LUMPUR bt@me­di­aprima.com.my

TELEKOM Malaysia Bhd (TM) has set an am­bi­tious tar­get of breach­ing the RM3 bil­lion rev­enue mark in the first quar­ter of fi­nan­cial year 2018, said man­ag­ing di­rec­tor and group chief ex­ec­u­tive of­fi­cer Datuk Seri Mo­hammed Shaz­a­lli Ramly.

Shaz­a­lli, who was ap­pointed to helm TM on May 1, said he was con­fi­dent the com­pany would be able to achieve the tar­get based on the ex­ist­ing solid busi­ness foun­da­tion to sup­port its go­ing dig­i­tal po­si­tions.

“It is im­por­tant to sus­tain the growth mo­men­tum that TM is cur­rently on amid this chal­leng­ing time ex­pe­ri­enced by telecom­mu­ni­ca­tions com­pa­nies.

“I would not do any dif­fer­ent from the busi­ness plan that has been put for­ward by the man­age­ment team,” he said dur­ing a first-quar­ter fi­nan­cial re­sult brief­ing, here, yes­ter­day.

TM posted a rev­enue of RM2.96 bil­lion in the first quar­ter of fi­nan­cial year 2017, a 3.8 per cent rise com­pared with RM2.86 bil­lion in the same pe­riod a year ago.

Net profit dropped 28.5 per cent to RM230.43 mil­lion from RM322.44 mil­lion pre­vi­ously.

In a fil­ing to Bursa Malaysia yes­ter­day, TM said the net profit drop was due to the ab­sence of any sig­nif­i­cant gains com­pared to the cor­re­spond­ing quar­ter last year.

For Q1 2017, there was a de­crease in the group’s obli­ga­tion on a put op­tion over shares of webe held by non-con­trol­ling in­ter­est.

“This pos­i­tive re­sults for the quar­ter are tes­ta­ment of the strong foun­da­tion and mo­men­tum TM has built un­der Tan Sri Zamza­mzairani Mohd Isa.

“What Datuk Ba­zlan (TM ex­ec­u­tive di­rec­tor/deputy group chief ex­ec­u­tive of­fi­cer) and I, to­gether with our new man­age­ment team, will bring to the ta­ble is a re­newed zest to de­liver on our busi­ness plan — to lead in go­ing dig­i­tal and be a cham­pion of con­ver­gence,” said Shaz­a­lli.

TM group chief fi­nan­cial of­fi­cer Nor Fad­hi­lah Mohd Ali said based on the first quar­ter fi­nan­cial per­for­mance, the group was on track to meet its head­line key per­for­mance in­di­ca­tors this year.

TM had tar­geted a 3.5 to four per cent growth in rev­enue and same level of profit growth as in the pre­vi­ous fi­nan­cial year for fi­nan­cial year 2017.

As for cap­i­tal ex­pen­di­ture (capex), TM has spent 11.9 per cent of capex as a per­cent­age of rev­enue in the first quar­ter amount­ing to RM352 mil­lion, mostly on ma­jor projects such as the High Speed Broad­band (HSBB) and Sub-Ur­ban Broad­band (SUBB).

Of to­tal spent, 53 per cent was for ac­cess, 23 per cent for core net­work and 24 per cent for sup­port sys­tem.

PIC BY ROSELA IS­MAIL PIC BY ROSELA IS­MAIL

(From left) TM group chief fi­nan­cial of­fi­cer Nor Fad­hi­lah Mohd Ali, deputy group chief ex­ec­u­tive of­fi­cer Datuk Ba­zlan Os­man, man­ag­ing di­rec­tor and group chief ex­ec­u­tive of­fi­cer Datuk Seri Mo­hammed Shaz­a­lli Ramly and chair­man Tan Sri Dr Su­laiman Mah­bob at a first-quar­ter fi­nan­cial re­sult brief­ing in Kuala Lumpur yes­ter­day. PAGE 1 CAP­TION: (From left) Telekom Malaysia man­ag­ing di­rec­tor and group chief ex­ec­u­tive of­fi­cer (CEO) Datuk Seri Mo­hammed Shaz­a­lli Ramly, chair­man Tan Sri Dr Su­laiman Mah­bob and ex­ec­u­tive di­rec­tor and deputy group CEO Datuk Ba­zlan Os­man at the com­pany’s first-quar­ter fi­nan­cial re­sult brief­ing in Kuala Lumpur yes­ter­day.

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