KUALA LUMPUR: Telekom Malaysia Bhd 's net earnings fell 31.8% to RM157.16mil for its first quarter ended March 31, 2018, compared to RM230.43mil in the year-ago period as TM ONE's contributions were impacted by a decline in voice, data and other telecommunications-related services.The group said group revenue slid 3.9% to RM2.85bil, and as a result operating profit fell 35.2% to RM193.9mil on a year-on-year basis.TM ONE, Telekom's business solutions arm, experienced a 10.7% or RM124.1mil decline in revenue to RM1.03bil in the quarter under review. "This led to 33.8% (RM68.6 million) decrease in profits to RM134.2 million in the current quarter from RM202.8 million in the corresponding quarter last year," the group said in a stock exchange filing.unifi's contribution to group profit also slipped 17.4% to RM12.8mil in the quarter compared to RM15.5mil previously.However, in revenue terms, unifi experienced growth of 2% to RM1.34bil due to higher uptake of the product for home and SME use as well as as the growing demand for Premium Channels, Video-on-Demand and unifi Mobile.The customer base of the service grew to 1.16 million by March 31 from 959,499 a year earlier.TM Global also saw an increase in revenue by 0.5% to RM554.7mil, mainly due to its voice service. Its profit contribution grew 3.6% to RM130.9mil.Moving forward, Telekom said it would focus on delivering faster results via its "PERFEXE 10" execution plan, which identifies 10 pillars for advancing the company amid a challenging marketplace.

Source: The Star May 22, 2018 06:00 UTC