Telekom Malaysia posts higher earnings thanks to internet and multimedia services

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National telecommunication company, Telekom Malaysia Bhd reported a 2.3% increase in its earnings for the second quarter (Q2) for the current financial quarter ending June 30, 2011 where they recorded RM127.24 million as compared to the corresponding quarter when they recorded earnings of RM124.38 million. This was made possible by its Internet, multimedia and data services where revenue reached RM2.23billion from last year’s RM2.15billion, which translates to 3.8%. Meanwhile, its earnings per share were RM3.60 sen as compared to RM3.50 previously.

TMB said that the reason for the higher revenue was due to the better earnings from its internet and multimedia services as well as their data products and other related offerings. From the internet and multimedia services, the company registered 21.1% of higher revenue in Q2 which were drawn primarily from its Unifi internet access packages. Data revenue meanwhile increased to RM455 million from last year’s RM424.9 million which is a 7.1% increase.