Telekom Malaysia has reported its Q4 results. As per the results, the company posted revenues of US$2.9 billion in 2010, as compared to US$2.83 billion twelve months ago.
According to the company, much of the growth was due to the increasing demand for internet and data services: sales from its internet unit were increased by 5.9% year-on-year to US$559.63 million.
Net income soared 88% to US$395.03 million, partly increased by the sale of stakes in a number of affiliated companies. In its outlook for 2011, the company stated that it was targeting revenue growth of 2.5%, and an EBITDA margin of 32%, decreased slightly from 33.1% recorded in 2010 and 34% posted in 2009.
CAPEX in 2011 is expected to reach US$987.58 billion as the company continues the launch of ‘HSBB’, its high speed broadband network.
