Having been a Real Estate investor and entrepreneur for almost 25 years, Paige has experienced many facets of real estate investing. “The strong y-o-y revenue growth against operating costs that has increased at a lower rate compared to revenue has resulted in a 29.6% (RM286mil) growth in the group’s operating profit before finance cost of RM1.25bil, compared to RM965.3mil in the first half of 2021,” it said.Paige Panzarello is the “Cashflow Chick”. TM said it witnessed revenue increase from all lines of products, namely Internet, which is driven by the 14.1% increase in fixed-broadband customer base, as well as data services. Revenue for the six months increased by 7.34% y-o-y to RM5.98bil. The improved net profit was achieved despite the higher effective tax rate from Cukai Makmur in the current year and higher foreign exchange loss on borrowings. A dividend of nine sen was declared for the quarter.Ĭumulatively, for the first half of financial year 2022, TM reported a net profit of RM717.91mil, representing an increase of 31.95% y-o-y.
#Cashflow ninja free
“In addition to group-wide cost optimisation initiatives, the revenue jump helped drive an increase of free cashflow by 36.4% to RM730.5mil y-o-y, putting TM in a solid position to make future investments and further reduce debt,” he said.Įarnings per share for the second quarter were 10.02 sen. The telco’s bottom line was further boosted by a higher operating profit and a lower net finance cost. The turnover improved on the back of strong performance across every customer segment and a sharp increase in revenue from all lines of service, particularly Internet and data.
TM’s 2Q22 net profit surged by almost 73% year-on-year (y-o-y) to RM378.06mil while revenue rose by 11.81% y-o-y to RM3.09bil. Wholly-owned by the government, DNB is Malaysia’s single wholesale 5G network operator. Imri added that TM plans to roll out 5G-enabled products and solutions as it welcomes the government’s call for the industry to take up equity stakes in Digital Nasional Bhd (DNB). “This new digital services subsidiary will deliver a differentiated advantage for enterprise digital solutions, providing greater and faster time-to-value with customised options for enterprises,” he said in a statement yesterday.
“As part of TM’s commitment to empower businesses on their digital transformational journey, the group will also address the digital and tech skills gap through Credence. “TM Wholesale is on course to provide a comprehensive suite of advanced wholesale communication services and solutions for both domestic and global fronts. TM One, which enables digital transformation of the enterprise and public sectors, will continue to make inroads on “bespoke solutions”. Group chief executive officer Imri Mokhtar highlighted that TM’s product, unifi Business, will “double down on its efforts” to provide new propositions to small and medium enterprise customers, including via promotional campaigns and financing options. With its overall business gaining momentum on the back of economic recovery, TM said it will continue to strengthen core businesses while investing in new growth areas. PETALING JAYA: Telekom Malaysia Bhd (TM) is on track to achieve its 2022 market guidance, after the telecommunication giant recorded a double-digit growth in revenue and net profit for the second quarter ended June 30 (2Q22).
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