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TIME dotCom’s Q3 earnings shrink to RM65.95m | Malay Mail

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KUALA LUMPUR, Nov 26 — TIME dotCom Bhd’s (TIME) net profit for the third quarter (Q3) ended September 30, 2020, fell to RM65.95 million from RM82.99 million posted in the same quarter last year. Revenue, however, rose 11.3 per cent to RM309.55 million from RM278.16 million previously, it said...

KUALA LUMPUR, Nov 26 — TIME dotCom Bhd’s net profit for the third quarter ended September 30, 2020, fell to RM65.95 million from RM82.99 million posted in the same quarter last year.

TIME said the increase in revenue was mainly due to higher recurring data revenue, which grew RM26.6 million and data centre revenue, which grew RM4.5 million respectively. On its prospects, the group said it remained steadfast in its commitment to ensure 100 per cent network availability and stability throughout these challenging times for the country.

 

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