Telekom Malaysia™ has reported what it termed a ‘solid performance’ having released its financial results for the year ended 31 December 2013. In the twelve month period the telco generated a total turnover of MYR10.63 billion (USD3.4 billion), up by 6.4% compared to the MYR9.99 billion recorded in FY2012. Claiming that such an increase represented the ‘outstripping [of] the mobile industry growth’, TM also highlighted the fact that it has surpassed all of its headline key performance indicators (KPIs) for four consecutive years. Internet and multimedia and data services were pointed to as the main revenue drivers, with TM saying such services now represent almost half of total turnover.
For the year under review TM reported earnings before interest, tax, depreciation and amortisation (EBITDA) of MYR3.53 billion, up by 9.2% year-on-year, on the back of its increased revenues. Meanwhile, normalised operating profit (EBIT) grew by 18.2% to stand at MYR1.36 billion in FY2013, up from MYR1.15 billion. Also of note, TM claimed to have recorded its highest ever normalised profit after tax and minority interest (PATAMI), which increased by 17.9% against the previous fiscal year to reach MYR1.04 billion. Reported PATAMI was, however, lower at MYR1.01 billion due to forex loss on translation of borrowings and lower tax incentives, and represented a 19.9% decline against FY12. Capital expenditures in 2013 totalled MYR1.86 billion, meanwhile, down from MYR2.55 billion a year earlier, of which MY1.17 billion was invested in the rollout of the telco’s fibre infrastructure.
Broadband accesses continued to increase in 2013, with TM reporting a total of 2.215 million at the end of the year, up 7.2% against the 2.066 million recorded at end-2012. Moreover, the number of customers signed up to the telco’s UniFi-branded fibre-based services also rose, to 635,000 from 483,000 a year earlier. Fixed voice services meanwhile totalled 4.373 million, roughly unchanged from the 4.359 million reported for end-2012, with an increase in customers taking such services over the fibre network helping to offset declines in traditional copper-based voice telephony.