TdC 2Q 2010 revenues climb

25 Aug 2010

Malaysian provider TIME dotCom (TdC) has released its financial results for the three months ended 30 June 2010, revealing a lower-than-expected net profit of MYR22.98 million (USD7.28 million), down 6% year-on-year. The operator however claimed that on ‘a like-to-like basis (excluding profit from the global bandwidth business, dividend income received from TdC’s investment in DiGi.Com shares and finance expenses), TdC’s profit before tax would have increased by MYR5 million in the current quarter compared to the corresponding period in 2009.’ TdC’s revenues meanwhile rose by 22.5% y-o-y to MYR83.2 million, with the operator attributing the growth to improved performance from its data business. Commenting on the results, TdC CEO Afzal Abdul Rahim said: ‘For the first half of 2010, we maintained healthy growth in our main business segments apart from voice. Our data business, particularly in the Wholesale segment, remains the main driver in our growth strategies. We are confident about continued improvements in our financial performance. This keeps us motivated and we are committed to staying the course.’

Malaysia, TIME dotCom