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Monday, February 28, 2011

Time Records Strongest Financial Results To Date

KUALA LUMPUR, Feb 28 (Bernama) -- TIME dotCom Bhd recorded its strongest financial performance to date by posting a profit before tax of RM88.9 million for the year ended Dec 31, 2010 from RM33.1 million in 2009.

The company said the improvement was due to improved revenue led by its growing data business, particularly in the wholesale and global bandwidth segment.

Backed by revenue improvements, the group also posted significantly better profit from operations, which improved 130 per cent for the year, growing from RM15.7 million in 2009 to RM36.1 million in 2010.

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