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Lower dividends for TM shareholders moving forward

Supriya Surendran
Supriya Surendran12/3/2018 07:30 AM GMT+08  • 3 min read
Lower dividends for TM shareholders moving forward
SINGAPORE (Dec 3): It never rains but it pours at Telekom Malaysia (TM).
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SINGAPORE (Dec 3): It never rains but it pours at Telekom Malaysia (TM).

The telco, which saw some RM14.5 billion ($4.8 billion) of its market capitalisation evaporate in recent months, has decided to pay less dividends moving forward.

The news came as the company announced a quarterly net loss of RM175.59 million — the first quarterly loss in 10 years — due to a massive RM934.8 million in impairment losses.

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