23-05-2025
Time Dotcom 1Q net profit rises to RM112.99mil
KUALA LUMPUR: TIME Dotcom Bhd recorded a higher net profit of RM112.99 million in the first quarter ended March 31, 2025 (1Q 2025) from RM110.67 million in the same period last year.
Revenue rose by 2.6 per cent to RM428.59 million from RM417.77 million previously, supported by sustained demand for data and connectivity solutions and driven by the retail segment, it said in a Bursa Malaysia filing.
"Profit remained steady, reflecting reduced contributions from investment and interest income, along with net foreign exchange losses, in contrast to gains in the same period last year,' it said.
On prospects, the telecommunications service provider said it remains committed to the long-term growth of its connectivity business by expanding network coverage, leveraging its execution track record, and implementing effective go-to-market strategies to deliver innovative products, solutions and services to customers.
"The group is also committed to driving sustainability practices across its operations and expanding its new renewable energy businesses in response to evolving market opportunities,' Time Dotcom said.
Meanwhile, in a separate statement, its commander-in-chief, Afzal Abdul Rahim, said while the industry continues to evolve, the group remains focused on what matters most -- delivering reliable services, enhancing customer experience, and strengthening its core capabilities. - Bernama
