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time dotcom bhd (5031) Details

TIME dotCom Berhad, an investment holding company, provides data-centric and fixed-line telecommunications services in Malaysia. The company engages in the provision of management and marketing/promotional services; and voice, data, video, and image communication services through its Malaysian and international network. The company is also involved in the provision and marketing of Internet services, including the access to the World Wide Web, the organization and aggregation of content, on-line call center, on-line services, on-net advertising, and virtual data storage; and the provision of application services comprising electronic mail, chat room, instant messaging, Web-hosting, and bulletin boards. In addition, it provides television services; Internet based on-line services, and content procurement services; telecommunications and related services; value added network services; information services; and system integration services. Further, the company engages in the operation of data networks and network based applications for corporations; and the wholesale of bandwidth, and telecommunication equipment and related services. TIME dotCom Berhad was founded in 1996 and is headquartered in Shah Alam, Malaysia.

Founded in 1996

time dotcom bhd (5031) Top Compensated Officers

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time dotcom bhd (5031) Key Developments

Time Dotcom Bhd. Appoints Patrick Corso as Executive Director

Time Dotcom Bhd. appointed Patrick Corso as executive director, effective from November 26, 2015. Patrick Corso has over 20 years of experience in the investment banking and private equity industries, with a focus on the telecoms sector. He spent the first 8 years of his career at Credit Suisse First Boston and Morgan Stanley in London in their European Telecoms groups, with a brief interim stint at Trader Classified Media in a corporate development role. Patrick is also a non-executive Director of Megawisra Investments Limited, Megawisra Sdn. Bhd. and Global Transit International Sdn. Bhd.

Time Dotcom Bhd. Reports Earnings Results for Third Quarter Ended September 30, 2015

Time Dotcom Bhd. reported earnings results for third quarter ended September 30, 2015. For the quarter, the company reported pre-tax profit rose to MYR 59.68 million from MYR 51.27 million in the same quarter last year, driven by higher revenues and a net gain on foreign exchange. Its revenue increased to MYR 173.37 million from MYR 150.61 million previously, on the back of higher revenue recorded in data, data centre and voice segment.

Time Dotcom Bhd. Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2015; Declares Special Interim Tax Exempt (Single Tier) Dividend for the Financial Year Ending 31 December 2015

Time Dotcom Bhd. reported unaudited consolidated earnings results for the second quarter and six months ended June 30, 2015. For the quarter, operating revenue was MYR 163,767,000 against MYR 155,743,000 last year. Profit from operations was MYR 36,429,000 against MYR 36,836,000 last year. Profit before income tax was MYR 316,993,000 against MYR 45,290,000 last year. Profit attributable to owners of the company was MYR 315,434,000 against MYR 44,001,000 last year. Basic and diluted earnings per share were 54.97 sen against 7.68 sen last year. For the six months, operating revenue was MYR 335,476,000 against MYR 287,624,000 last year. Profit from operations was MYR 83,559,000 against MYR 59,385,000 last year. Profit before income tax was MYR 374,540,000 against MYR 77,108,000 last year. Profit attributable to owners of the company was MYR 372,013,000 against MYR 73,416,000 last year. Basic and diluted earnings per share were 64.83 sen against 12.81 sen last year. Net cash generated from operating activities was MYR 152,156,000 against MYR 94,060,000 last year. Purchase of property, plant and equipment was MYR 169,520,000 against MYR 74,010,000 last year. The group reported a 16.7% increase in consolidated revenue. The increase can be attributed to higher revenue recorded in all product segments, led by revenues generated from data sales. The group declared a special interim tax exempt (single tier) dividend of 73.50 sen per ordinary share for the financial year ending 31 December 2015.


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