KUALA LUMPUR: Telekom Malaysia Bhd's (TM) unhedged long term US dollar denominated borrowings, only due in 2025, is at a manageable level of 13 per cent or US$200 million despite the volatility of the local currency against the greenback.
Its chief financial officer Datuk Bazlan Osman said however, the group is open to the opportunity to hedge the said borrowings at the right price and time.
"We are open to any opportunities that arises to restructure our US dollar exposure," he told reporters after the TM annual general meeting here today.
During the financial year ended Dec 31, 2015 (FY2015), TM's profit attributable to equity holders reduced to RM700.3 million from RM831.8 million in FY2014 due to the impact from foreign exchange losses on translation of borrowings arising from the weakening of ringgit against US dollar.
During FY2015, TM continued to record revenue growth of 4.3 per cent to RM11.72 billion from RM11.24 billion.