TIME dotCom adopts new dividend policy as full-year profit, revenue rise
TIME dotCom Bhd said on Friday it has adopted a new dividend policy to pay an annual dividend of up to 50% of its audited consolidated profit after tax compared with 25% previously as the company reported a full-year net profit and revenue growth, helped by retail and enterprise customers. "Year-on-year recurring revenue growth (in the fourth quarter) was mainly contributed by retail and enterprise customers,” TIME dotCom, the internet-service provider, said in its Bursa Malaysia filings.