TM net profit rises 7.8% to RM2bil, declares 2nd interim and special dividends 

Quick Summary:

KUALA LUMPUR: Telekom Malaysia Bhd's (TM) net profit rose 7.8 per cent to RM2.01 billion for the financial year ended Dec 31, 2024 (FY2024) from RM1.87 billion recorded a year ago, due to lower net finance costs and the recognition of remaining one-off tax credits.

TM said its 2025 outlook is positive, underpinned by its "core businesses which remain resilient, sustaining a positive revenue trajectory amid heightened competitive pressure and market dynamics.

"This has poised us to better capitalise on emerging opportunities such as hyperconnected data centres, artificial intelligence (AI), and Graphics Processing Unit (GPU)-as-a-service (GPUaaS) which are among the new growth areas for TM,” he added.

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Category: EconomyBusiness

Markets: Malaysia

Topics: /Business/Business News Amar Huzaimi Md Deris TM Corporate News Telekom Malaysia

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-02-25 @ 19:28:00 (4 hours ago)

News Timezone: GMT +8:00

News Source URL: thestar.com.my

Language: English

Article Length: 448 words

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Copyright Owner: © The Star

News ID: 26432616

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