Telekom Malaysia Berhad (TM) announced its financial results for the first half of the year ended 30 June 2018. The Group posted revenue of RM5.78 billion year-to-date, 2.7% lower from RM5.94 billion in the corresponding period last year.
This was primarily due to a decline in voice, data and other telecommunication related services as well as provisions recognised against wholesale revenue impacted by regulatory mandated access pricing.
Technology and Talent Platform Innovator, Prestariang Bhd yesterday reported its second quarter results (2QFY18) ended 30th June 2018. For the reporting quarter, the Group registered a higher revenue of RM55.9 million compared to RM55.2 million recorded in previous year corresponding quarter. The higher revenue of RM0.7 million or 1% increase was mainly contributed by Concession revenue of Sistem Kawalan Imigresen Nasional (“SKIN”) project.
The revenue was recognised based on the stage of completion at the end of the reporting period. The stage of completion is determined by reference to the proportion of costs incurred for work performed to date over the estimated total costs.
PETRONAS today announced improved earnings for the first half of 2018, driven by the Group’s execution of its continuous business improvement initiatives and groupwide operational excellence as well as coupled with increased commodity prices.
Tan Sri Wan Zulkiflee Wan Ariffin, President and Group CEO PETRONAS says the national petroleum company will endeavour to pursue growth opportunities to ensure PETRONAS’ long-term sustainability.