Telekom Malaysia 2Q Net Profit Rises 50.9%

By Yantoultra Ngui Features Dow Jones Newswires

KUALA LUMPUR, Malaysia--Telekom Malaysia Bhd. (4863.KU), a Malaysian fixed-line operator, said Tuesday that its net profit for the second quarter climbed 50.9% from a year earlier due in large part to foreign-exchange gains and lower net finance costs.

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Net profit for the April-June period rose to 210.48 million ringgit ($49.32 million) from MYR139.45 million a year earlier, according to a local stock exchange filing.

Revenue, however, declined slightly to MYR2.98 billion from MYR3.05 billion.

Shares of Telekom Malaysia were 0.5% lower at MYR6.42, before the earnings release.

Write to Yantoultra Ngui at yantoultra.ngui@wsj.com

(END) Dow Jones Newswires

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August 29, 2017 01:55 ET (05:55 GMT)