TIME expects continued growth with expansion of global network

  • 2013 revenue at RM548.three million, operating income became RM118.0 million
  • AAE-1 submarine cable gadget yielding giant global bandwidth possibilities

TIME expects continued growth with expansion of global networkTIME dotCom Berhad (TIME), is confident of constructing on its steady performance within the modern-day economic yr to hold turning in price to its shareholders.
 
“Regionally, our prospects are thrilling,” said leader government officer Afzal Abdul Rahim (percent), following its seventeenth annual wellknown meeting held on June five.
 
For the monetary year ended 31 December 2013, operating income jumped 61% to RM118.zero million in comparison to the year earlier, driven by sturdy local and global records call for.

[RM1 = US$0.31]
 
Revenue rose 31% to RM548.three million on better statistics income and a full 12-month contribution from the organisation’s facts centre and international bandwidth corporations.
 
TIME expects continued boom in 2014 on the lower back of pent-up demand for great high-speed statistics, global bandwidth and statistics warehousing services.
 
“The addition of the Asia-Africa-Europe-1 (AAE-1) submarine cable machine to our stable method we will anticipate to look true long-term worldwide bandwidth call for from this hyperlink to Europe via the Middle East,” said Afzal.
 
AAE-1 is a excessive-ability cable system linking Asia and Europe thru the Middle East and is a main leap forward in the corporation’s ‘Asia-World-Asia’ strategy.
 
With AAE-1, it has made definitive movements in organising a definitely worldwide excessive-speed connection, yielding full-size international bandwidth possibilities.
 
“Our regionalisation plans are gaining momentum,” Afzal introduced. “Not simplest will there be strong synergies from AAE-1 to our present submarine cables, we absolutely count on to see a lift in sales and earnings while they're completed.”
 
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