Telecommunication Issue #2

TMI WILL PAY TM MYR 4 Billion

Source: The Malaysia Reserve.

1. Azman (CEO Khazanah Nasional Bhd CEO which is Majority shareholder in TMI) Said TMI will have sufficient funds to pay TM amount MYR 4 Billion.

2. Dateline bayaran ini adalah tahun hadapan (FY2009).

3. TM juga akan membayar dividen sebanyak RM 700m or up to 90% of its normalised after-tax profit and minority interest whichever higher.

4. Mempersoalkan kekuatan kewangan TMI, Khazanah akan akan sentiasa kekal komitmen dengan TMI dan menyediakan struktur pembiayaan jangka panjang untuk TMI.

TM Q3 FY2008 NET PROFIT DECLINE

Source from The Star online

KUALA LUMPUR: Telekom Malaysia Bhd posted net loss of RM165.82mil in the third quarter ended Sept 30, weighed down by foreign exchange losses of RM195.7mil. Announcing a weaker set of results on Tuesday, the net loss was in sharp contrast of the net profit of RM658.51mil year ago. Revenue was RM2.06bil compared with TM2.13bil year ago. Loss per share was 4.8 sen compared with earnings per share of 19.2 sen.
TM said its profitability was affected by ssignificant non-recurring items/exceptional costs. These included unrealised forex translation loss and realisation of foreign translation loss on disposal of Societe Des Telecommunications De Guinee S.A. (Sotelgui).
“Excluding these significant non-recurring items/exceptional costs, the normalised profit after tax and minority interests would have been RM176.4mil for the current quarter,” it said.

TM said the group recognised RM68mil charge arising from volume commitment with foreign carriers for prior years based on final settlement. It added that upon completion of disposal of Sotelgui, the group realised foreign translation loss of RM88.8mil in the current quarter, arising from the translation of the net assets in Sotelgui.