26 Feb '18, 1pm

Data & Data Centre Demand Drives TIME’s 2017 Performance [Article]...

TIME dotCom Berhad (“the Group”) benefited from consistent data and data centre demand over the course of the year as it saw a 12.2% year-on-year revenue growth (FY2017: RM860.7 million | FY2016: RM766.9 million) for the financial year ended 31 December 2017 (FY2017). Excluding one-off revenues from IRU sales and non-recurring contracts, the Group would have seen a consolidated revenue increase of 13.2% year-on-year when compared to similarly adjusted revenues in the preceding year. Improvements in recurring revenue contributions were recorded across TIME’s core customer groups, led by Retail, which nearly doubled at 85.2% amidst intense competition. Core pre-tax profit for the year stood at RM193.1 million. This 8.5% reduction from FY2016 pre-tax profit (excluding a realisation of fair value gain of RM157.4 million) was mainly due to foreign exchange losses and lower pre-...

Full article: https://www.malaysianwireless.com/2018/02/time-dotcom-fy2...

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