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Telekom Malaysia's Profit Drops in Q1 Despite Rise in Operating Revenue

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Telekom Malaysia's (KLSE:TM) profit attributable to shareholders fell to 321.5 million ringgit in the first quarter, from 401.3 million ringgit a year earlier, according to a Thursday Malaysian bourse filing.

Shares gained over 2% in Friday's midday trade.

Earnings per share declined to 0.084 ringgit from 0.105 ringgit in the same period last year.

Operating revenue rose to 2.93 billion ringgit from 2.85 billion ringgit a year earlier.

The board declared a dividend of 0.065 ringgit per share.

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