Time Dotcom 1Q net profit rises to RM112.99mil
Revenue rose by 2.6 per cent to RM428.59 million from RM417.77 million previously, supported by sustained demand for data and connectivity solutions and driven by the retail segment, it said in a Bursa Malaysia filing.
"Profit remained steady, reflecting reduced contributions from investment and interest income, along with net foreign exchange losses, in contrast to gains in the same period last year,' it said.
On prospects, the telecommunications service provider said it remains committed to the long-term growth of its connectivity business by expanding network coverage, leveraging its execution track record, and implementing effective go-to-market strategies to deliver innovative products, solutions and services to customers.
"The group is also committed to driving sustainability practices across its operations and expanding its new renewable energy businesses in response to evolving market opportunities,' Time Dotcom said.
Meanwhile, in a separate statement, its commander-in-chief, Afzal Abdul Rahim, said while the industry continues to evolve, the group remains focused on what matters most -- delivering reliable services, enhancing customer experience, and strengthening its core capabilities. - Bernama
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
New Straits Times
25 minutes ago
- New Straits Times
Wall Street rally lifts Bursa at open
KUALA LUMPUR: Bursa Malaysia rebounded from last week's losses to open higher on Monday, taking its cue from overnight gains on Wall Street. At 9.10am, the FTSE Bursa Malaysia KLCI (FBM KLCI) rose 4.03 points, or 0.26 per cent, to 1,537.79 from Friday's close of 1,533.76. The benchmark index had opened 4.29 points firmer at 1,538.05. Market breadth was positive, with 224 gainers leading 133 losers. Another 293 counters were unchanged, 1,904 untraded, and 43 suspended. Turnover totalled 182.48 million shares worth RM110.09 million.
Malay Mail
25 minutes ago
- Malay Mail
Bursa opens higher as Wall Street rally, US earnings lift sentiment
KUALA LUMPUR, July 28 — Bursa Malaysia rebounded from last week's losses to open higher on Monday, tracking overnight gains on Wall Street. At 9.10am, the FTSE Bursa Malaysia KLCI (FBM KLCI) rose 4.03 points, or 0.26 per cent, to 1,537.79 from Friday's close of 1,533.76. The benchmark index had opened 4.29 points firmer at 1,538.05. Market breadth was positive, with gainers outpacing losers 224 to 133. A total of 293 counters were unchanged, 1,904 untraded, and 43 suspended. Turnover stood at 182.48 million shares worth RM110.09 million. Rakuten Trade Sdn Bhd equity research vice-president Thong Pak Leng said Wall Street closed broadly higher, supported by strong United States (US) corporate earnings and positive trade signals, as President Donald Trump indicated more deals could be finalised before the Aug 1 deadline. Regionally, he noted that Hong Kong's Hang Seng Index slipped on profit-taking after a five-day rally. 'Back home, we believe the market is taking a breather and is poised to resume its climb. As such, we expect the index to hover within the 1,530–1,540 range today,' he told Bernama. Among the heavyweights, Maybank rose four sen to RM9.58, Public Bank added one sen to RM4.30, CIMB and IHH Healthcare gained two sen each to RM6.77 and RM6.68 respectively, while Tenaga Nasional slipped four sen to RM13.56. On the actively traded list, YTL Corporation advanced eight sen to RM2.56, Sapura Energy edged up half-a-sen to four sen, Ekovest improved one sen to 41 sen, while NexG and TWL Holdings were flat at 52.5 sen and 2.5 sen respectively. On the broader index board, the FBM Emas Index rose 30.82 points to 11,537.64, the FBMT 100 Index gained 29.54 points to 11,299.26, and the FBM Emas Shariah Index added 21.54 points to 11,550.49. The FBM 70 Index was 43.30 points higher at 16,650.87, while the FBM ACE Index inched up 4.64 points to 4,643.66. Sector-wise, the Financial Services Index climbed 44.89 points to 17,499.12, the Industrial Products and Services Index added 0.28 of a point to 157.42, and the Energy Index rose 0.13 of a point to 739.98. The Plantation Index, however, slipped 4.36 points to 7,430.43. — Bernama
New Straits Times
an hour ago
- New Straits Times
Foreign outflows continue for third week: MIDF
KUALA LUMPUR: Foreign investors extended their net selling streak on Bursa Malaysia for a third consecutive week, with a net outflow of RM89.9 million, according to MIDF Research. The amount was significantly lower than the RM206.1 million recorded in the previous week. They were net sellers on every trading day except Wednesday and Thursday, with outflows ranging from RM21 million to RM136.5 million. The largest outflow was recorded on Friday, followed by Monday with RM52.3 million and Tuesday with RM21 million. Wednesday and Thursday recorded net inflows of RM97.3 million and RM22.6 million, respectively. The top three sectors that recorded the highest net foreign inflows were transportation and logistics (RM158.7 million), utilities (RM69.5 million) and construction (RM51.4 million). Meanwhile, the top three sectors that recorded the highest net foreign outflows were financial services (RM174.1 million), technology (RM80.8 million) and telecommunication and media (RM70.8 million). Local institutions also extended their net selling streak to a second consecutive week, recording a net outflow of RM15.5 million. This was lower than the RM33.3 million registered in the previous week. Conversely, local retailers maintained their net buying trend for a third straight week, with a net inflow of RM105.4 million. The average daily trading volume experienced a broad-based decline last week. Foreign investors and local retailers recorded decreases of 5.5 per cent and 2.1 per cent respectively, while local institutions saw a modest decline of 0.8 per cent.
