TdC’s first quarter revenue climbs thanks to recent acquisitions

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.