By Alexander Winifred and Gho Chee Yuan
Nikkei Markets
adds more comments from company officials, analyst's comments, closing share price level
KUALA LUMPUR (Feb 27) -- Telekom Malaysia, which Tuesday reported a near 80% jump in fourth quarter net profit thanks to currency gains that offset a decline in revenue, guided for a 3.5%-to-4.0% annual income expansion in 2018, powered mostly by broadband service offering.
The state-run fixed-line telecom service provider said its net profit for the three months ended Dec. 31 totalled 277.01 million ringgit ($70.80 million), compared with 154.31 million ringgit a year ago. Quarterly revenue fell 1.1% to 3.20 billion ringgit, dragged down by a decline in voice-based revenue, the company said in an exchange filing. The latest quarter recorded a foreign exchange gain of 74.80 million ringgit, compared with a loss of 120.50 million ringgit a year earlier.
