TM: 2022 market guidance achievable

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TM said it will continue to strengthen core businesses while investing in new growth areas.

'The revenue jump helped drive an increase of free cashflow by 36.4% to RM730.5mil y-o-y, putting TM in a solid position to make future investments and further reduce debt.' - Imri Mokhtar is on track to achieve its 2022 market guidance, after the telecommunication giant recorded a double-digit growth in revenue and net profit for the second quarter ended June 30 .

TM One, which enables digital transformation of the enterprise and public sectors, will continue to make inroads on “bespoke solutions”. “This new digital services subsidiary will deliver a differentiated advantage for enterprise digital solutions, providing greater and faster time-to-value with customised options for enterprises,” he said in a statement yesterday.

The telco’s bottom line was further boosted by a higher operating profit and a lower net finance cost.

 

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