TIME dotCom Posts Resilient Growth for Q1 2021
in Time dotCom
03/06/2021
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TIME dotCom Berhad (“TIME” or “the Group”) announced a consolidated Group revenue of RM331.3 million for the quarter ended 31 March 2021. The 12.7% year-on-year revenue growth was mainly attributed to higher revenue from the data centre and data product groups.
The Group’s consolidated profit before tax eased RM0.2 million, or 0.1%, to RM125.4 million for the period under review when compared to the RM125.6 million recorded for the same 3-month period in 2020. This was primarily the result of a lower net gain on foreign exchange of RM8.3 million in the quarter, as compared to RM27.1 million in the prior year period.