Telekom Malaysia said its net profit grew 53.5% in the first quarter, due to solid revenue growth and a forex gain on US dollar debt.
The fixed-line incumbent reported a profit for the March quarter of 163.3 million ringgit ($51.6 million), from 11% higher revenue of 2.38 billion ringgit.
Telekom Malaysia recorded revenue growth across its key products, including internet, multimedia, data and voice services, and grew its broadband customer base by 11.4%, or 1.97 million users, year-on-year.
Subscribers to the operator's UniFi fiber broadband, voice and video packages reached 365,000.
The company's fiber footprint currently passes 1.22 million premises, and the operator aims to lift this to 1.34 million premises by the end of the year.
Telekom Malaysia is currently rolling out an open-access fiber network, HSBB, in a public-private partnership with the Malaysian government.
During the quarter, the operator signed on one new retail customer for the network, to bring the total number of access seekers signed to four.
While announcing its results, Telekom Malaysia warned it expects the Malaysian telecom market to remain highly competitive, particularly in the internet segment. But the operator added that it expects to be able to maintain its lead of the broadband market.