KERETAPI Tanah Melayu Berhad (KTMB) is not a company that pursues profits alone, but has social responsibilities to the people that must be prioritised.
Transport Minister Anthony Loke said KTMB is a GLC company that is given funding by the government to cover operating expenses.
“There is indeed a shortage of operating expenses and in terms of operations we have not achieved profit yet, have not reached the break even point.”
He said this when asked to comment on when KTMB is expected to achieve profit.
“But more importantly, we must ensure that KTMB’s operations improve, especially in commuter services in the Electric Train Service (ETS) and in the cargo section, we do make a profit,” he said after attending the New Diesel Bus Introduction Ceremony at the Batu Caves Rapid Bus Complex, today.
Loke said KTMB operates within a cross-subsidy framework, where earnings from the cargo and ETS services are used to subsidise the commuter services.
"We do hope that over time it becomes more efficient and our funding gap can be reduced."
The Auditor General's Report 2018 Series 2 revealed that KTMB's accumulated losses up to Dec 31, 2018 had reached RM2.83 billion. - July 14, 2025
