Telekom Malaysia\'s net profit fell 75% in Q1 as the operator - like so many other Asian telcos - succumbed to the effect of forex fluctuations.
The company recorded a net income of 27.7 million ringgit ($7.9 million), on forex losses of 175 million ringgit. TM has outstanding long-term loans of $1.1 billion from US lenders.
Revenue grew 5% to 2.10 billion ringgit, mostly from non-voice products and services, TM said.
The Malaysian incumbent\'s customer base grew 24.9% over the 12 months ending in March, with subscribers to its Streamyx internet service increasing to 1.3 million.
TM said it expects the business environment to remain "challenging" for the rest of the year, but believes broadband subscriber growth will remain strong.