For FY16, net profit grew 10.8% to RM776 million or 20.65 sen per share from RM700.3 million or 18.72 sen per share due to lower forex losses on borrowings in the year net of non-controlling interest's share of subsidiaries' losses. Its FY16 revenue came in 2.9% higher at RM12.1 billion versus RM11.7 billion in the preceding year. In FY16, it achieved 4.1% revenue growth, which was above its 3% to 3.5% target, while EBIT growth grew to 22.9%. Performance was mainly driven by non-voice services, which now collectively represent 72% of group revenue," it said. At 3.24pm, TM slipped four sen or 0.65% to RM6.13 with 3.6 million shares done for a market capitalisation of RM23.04 billion.

Source: The Edge Markets February 22, 2017 07:41 UTC