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Sundaily (Asia) 02/21/2020 01:36
PETALING JAYA: Telekom Malaysia Bhd (TM) reported a net loss of RM51.09 million for its fourth quarter ended Dec 31, 2019 from a net profit of RM69.66 million registered in the corresponding period of the previous year due a drop in revenue and a one-off RM233.7 million fair value adjustment on medium term notes issued by a non-controlling interest of a subsidiary. Revenue for the quarter stood at RM3.03 billion, a 1.8% decline from RM3.09 million reported previously. Its Unifi business contributed a loss before interest and tax (LBIT) of RM21 million for 4Q19 compared to an earnings before interest and tax (ebit) of RM71.5 million reported in 4Q18 attributed to a lower revenue from voice and Internet and multimedia services, its year end p.

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