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.
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.
Continue Reading Below
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 firstname.lastname@example.org
(END) Dow Jones Newswires
August 29, 2017 01:55 ET (05:55 GMT)