Time dotCom posts strong first quarter results

21 May 2012

Time dotCom has posted revenues of MYR81.3 million (USD25.9 million) for the first quarter of 2011, up from MYR70.1 million year-on-year on the back of increased sales from data products and services within the Wholesale and Enterprise segments. Voice revenues slipped 1.1% to MYR18.2 million but this was more than offset by a 21.3% hike in data revenues to MYR62 million. EBITDA came in at MYR23.5 million, up 23% year-on-year. Despite the positive results, Time warned that 2012 was shaping up to be a ‘challenging year’, and that it was focused on integrating its recent acquisitions, Aims Group, which operates data centres, and Global Transit Communications, a regional internet service and backhaul provider.

Malaysia, TIME dotCom