Revenue rose to RM12.12 billion in FY2022 from RM11.53 billion previously.
’s net profit surged to RM1.14 billion in the financial year ended Dec 31, 2022 from RM895.21 million achieved in FY2021, amid higher operating profits and lower financing cost.
"The group’s operating revenue increased 5.1 per cent to RM12.12 billion from RM11.53 billion recorded during the previous financial year; the increase recorded from Internet and multimedia, data, non-telecommunication services, as well as voice. In the fourth quarter of FY2022, TM’s net profit increased to RM160.18 million against RM79.94 million recorded in the same quarter of FY2021, while revenue fell 5.5 per cent to RM2.98 billion from RM3.15 billion previously, on the back of the decline from other telecommunication-related services, voice and data.
In improving its competitive edge, the group has embarked on an internal reorganisation involving the transfer of its telecommunication business in Malaysia to a single operating entity, TM Technology Services Sdn Bhd, formerly known as Webe Digital Sdn Bhd, anticipated to complete by Dec 31, 2023.
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