TIMECOM net profit for the third quarter ended Sept 30, 2011 surged 94% to RM40.7mil from RM20.95mil a year earlier, mainly due to higher non-global bandwidth sales, adjustments to operating expenses recognised previously and a reduction in wayleave fees.
On its outlook, TdC said it would continue to focus on expanding coverage in key market segments, strengthening and simplifying its network, offering more complete end-to-end communication solutions, managing its costs to improve operating margins, whilst at the same time aiming to increase its share in each of the group’s addressable market segments.
“The group is in the global bandwidth business which offers wholesale services to the industry.
“The nature of transactions in this business constitutes both one-time and recurring revenues.
“Barring any unforeseen circumstances, the results of the group for the financial year ending Dec 31, 2011 is expected to remain positive,” it said.
On its outlook, TdC said it would continue to focus on expanding coverage in key market segments, strengthening and simplifying its network, offering more complete end-to-end communication solutions, managing its costs to improve operating margins, whilst at the same time aiming to increase its share in each of the group’s addressable market segments.
“The group is in the global bandwidth business which offers wholesale services to the industry.
“The nature of transactions in this business constitutes both one-time and recurring revenues.
“Barring any unforeseen circumstances, the results of the group for the financial year ending Dec 31, 2011 is expected to remain positive,” it said.
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