By Digital News Asia
TIME dotCom Bhd posted revenue of RM163.8 million for the three months ended June 30 2015, 5.2% higher than the previous year’s corresponding period of RM155.7 million. [RM1 = US$0.24]
In a statement, the company attributed this to strong overall revenue contributions from its data, data centre and voice products, despite lower contributions from global bandwidth sales and non-recurring contracts.
“We are satisfied with our second quarter performance and are confident that our domestic and regional growth plans are on track,” said chief executive officer Afzal Abdul Rahim (pic).
These improvements are due to higher data revenue underpinned by stronger contributions from global bandwidth sales and income from non-recurring contracts in the six months ended June 30, the company said.
TIME said it continues to see growth opportunities within the Asean (the Association of South-East Asian Nations) region.
TIME is also currently expanding its international submarine cable investments with the Asia-Pacific Gateway (APG), Asia-Africa-Europe 1 (AAE-1) and Faster cable systems currently under construction and scheduled to be completed progressively over the next two years.