TdC’s first quarter revenue climbs thanks to recent acquisitions

17 May 2013

On the back of contributions from subsidiaries it acquired in the first half of 2012, Malaysia’s TIME dotCom (TdC) has reported a surge in revenue in the first quarter of 2013. Having completed the purchase of AIMS Group, one of Malaysia`s leading network neutral data centres, and wholesale internet service and backhaul provider Global Transit Communications in May 2012, TdC saw total turnover of MYR133 million (USD42.9 million), up 64% year-on-year, of which MYR28.2 million came from its new units. EBITDA in the three months ended 31 March 2013 stood at MYR48.9 million, up from MYR23.5 million in the year-ago period, while operating profit totalled MYR31.4 million, a more than threefold increase from the MYR10.2 million recorded in 1Q12. Profit before tax, meanwhile, was MYR37.9 million, up from MYR11.8 million.

Malaysia, TIME dotCom