TIME dotCom Reports Strong Q1 2024 Growth, Revenue Up 13.4%

TIME dotCom (TIME) has reported sustained growth for the quarter ending March 31, 2024. They announced a consolidated revenue of RM417.8 million, marking a 13.4% increase compared to the same period in 2023.

Growth was observed across all customer segments, with the Retail segment making the largest contribution. There was also continued robust demand for the Group’s data and cloud services.

For the quarter, TIME achieved a consolidated profit after tax of RM112.3 million. The performance is attributed to higher revenue, increased interest income, and profit from investments.

“The Group will continue its network coverage expansion for the mid to long-term,” said Afzal Abdul Rahim, Time’s Commander-in-Chief.

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