KUALA LUMPUR (Feb 23): TIME DOTCOM BHD []'s pre-tax profit for the financial year ended Dec 31, 2011 rose to RM119.02 million vis-a-vis RM88.906million in the same period in 2010. Revenue, however, dwindled to RM313.872 million from RM321.083 million.
TIME dotCom said its profit from core operations improved 35 per cent to RM48.9 million from RM36.1 million in 2010 on the back of 34 per cent hike to
RM119 million in net pre-tax profit.
Chief Executive Officer Afzal Abdul Rahim attributed the better performance to increased focus on higher margin business driven by a healthier product mix.
This year, the company would further monetise its network and build on expanding its coverage in key market segments, he said.
TIME dotCom said its proposed plan to position itself as a regional wholesale player by acquiring a group of companies has been approved.
This would allow the company to offer complete network solutions to regional providers, it said in a filing to Bursa Malaysia. - Bernama
TIME dotCom said its profit from core operations improved 35 per cent to RM48.9 million from RM36.1 million in 2010 on the back of 34 per cent hike to
RM119 million in net pre-tax profit.
Chief Executive Officer Afzal Abdul Rahim attributed the better performance to increased focus on higher margin business driven by a healthier product mix.
This year, the company would further monetise its network and build on expanding its coverage in key market segments, he said.
TIME dotCom said its proposed plan to position itself as a regional wholesale player by acquiring a group of companies has been approved.
This would allow the company to offer complete network solutions to regional providers, it said in a filing to Bursa Malaysia. - Bernama
