TIME dotCom quarter ended 31 March 2022 recorded revenue of RM369.4 million or an 11.5% year-on-year growth as all core customer groups, namely Retail, Enterprise and Wholesale, contributed to the growth, owing to resilient demand for data centre and data offerings from the Group.
Consolidated profit before tax for the period under review eased 1.7% to RM123.3 million compared to the RM125.4 recorded for the same period of last year. This can mainly be attributed to higher depreciation charged for property, plant and equipment and right-of-use assets as well as higher staff-related costs and the impact of foreign exchange movements.
“We are happy with the solid start to the year. We are cautiously optimistic that demand for TIME’s product and service offerings will continue to chart growth with the reopening of the economy.
Strategically, the Group remains invested in network expansion to support connectivity needs as well as help the nation achieve its digital economy objectives. Regionally, we are still seeing a healthy level of demand for both cross-border connectivity and data centre offerings said Afzal Abdul Rahim, TIME CEO.
The Group is cautiously optimistic that demand for connectivity and digitalisation solutions will grow as the economy recovers, and its will look to enhance network availability and stability to its customers.
Regionally, the Group will continue to capitalise on opportunities in the cloud and data centre space while meeting the demand for cross-border connectivity through its ASEAN operations.
