TIME dotCom’s Q3 net profit jumps to RM100.54m

time dotcoms q3 net profit jumps to rm100 54m

Sumary of TIME dotCom’s Q3 net profit jumps to RM100.54m:

  • Revenue for the quarter under review improved 12 per cent to RM346.77 million from RM309.55 million posted a year ago.
  • “The increase in Q3 consolidated revenue was mainly due to higher recurring data centre revenue, which grew 74.8 per cent or RM29.1 million, and data revenue, which grew 4.8 per cent or RM12.1 million.
  • “Year-on-year recurring revenue growth was mainly contributed by retail and enterprise customers,” the telecommunications provider said in a filing with Bursa Malaysia today.
  • “This is reinforced by the coming into operation of the group’s new data centre, AIMS Cyberjaya, which is poised to meet high market demand,” it added.

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