{"id":3046,"date":"2026-01-20T17:47:27","date_gmt":"2026-01-20T17:47:27","guid":{"rendered":"https:\/\/malaysian-business.com\/wptest\/2026\/01\/20\/resilient-growth-recorded-in-q1-2020\/"},"modified":"2026-01-23T17:47:05","modified_gmt":"2026-01-23T17:47:05","slug":"resilient-growth-recorded-in-q1-2020","status":"publish","type":"post","link":"https:\/\/malaysian-business.com\/portal\/2026\/01\/20\/resilient-growth-recorded-in-q1-2020\/","title":{"rendered":"Resilient Growth Recorded in Q1 2020"},"content":{"rendered":"<p style=\"font-weight: 400;\"><strong>Shah Alam, 28 May 2020<\/strong>\u00a0\u2013 TIME dotCom Berhad (\u201cTIME\u201d or \u201cthe Group\u201d) recorded consolidated Group revenue of RM293.9 million for the quarter ended 31 March 2020. The 12.0% increase relative to the same period in the preceding year was driven by higher overall revenue growth seen across all core product and customer groups.<\/p>\n<p style=\"font-weight: 400;\">A current quarter consolidated profit before tax of RM125.6 million was recorded. This was driven by higher overall revenue growth, a large net gain on foreign exchange, lower interest expense and a higher share of profit from associates.<\/p>\n<p style=\"font-weight: 400;\">\u201cThe remainder of 2020 will be a challenging one, not just for our industry, but for the global economy at large. Thankfully, we enter this period with a robust operational framework and a solid balance sheet. This should help us weather through the rest of the year as we adapt to the challenges posed by COVID-19,\u201d said\u00a0Afzal Abdul Rahim, TIME\u2019s Commander-in-Chief.<\/p>\n<p style=\"font-weight: 400;\">\u00a0<\/p>\n<p style=\"font-weight: 400;\"><strong>Outlook<\/strong><\/p>\n<p style=\"font-weight: 400;\">The first quarter of 2020 saw the enforcement of the Movement Control Order (\u201cMCO\u201d) in Malaysia as a measure to combat the spread of COVID-19. The MCO has been in place since 18 March 2020, and its impact on consumers and businesses across the country has been profound. As an \u201cEssential Service\u201d, the Group has continued to operate throughout this period. At this stage, it is too early to determine the full impact that COVID-19 and the MCO will have on the Group.<\/p>\n<p style=\"font-weight: 400;\">The Group\u2019s immediate and ongoing priorities are to safeguard the health of all its employees and to ensure 100% network availability and stability through these challenging times. In the medium-term, the Group will continue to focus on supporting the Malaysian government achieve its national telecommunications objectives by strengthening and expanding its existing domestic fibre network infrastructure.<\/p>\n<p style=\"font-weight: 400;\">On the regional front, the Group will continue working with its partners in Thailand, Vietnam and Cambodia to tap on increasing demand for cross border connectivity across the ASEAN region. The Group will also assess opportunities to further establish itself as a key regional data centre player and operator with the intention to unlock the long-term potential of its data centre business.<\/p>\n<p style=\"font-weight: 400;\">\u00a0<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Shah Alam, 28 May 2020\u00a0\u2013 TIME dotCom Berhad (\u201cTIME\u201d or \u201cthe Group\u201d) recorded consolidated Group revenue of RM293.9 million for the quarter ended 31 March 2020. The 12.0% increase relative to the same period in the preceding year was driven by higher overall revenue growth seen across all core product and customer groups. A current [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[34],"tags":[],"class_list":["post-3046","post","type-post","status-publish","format-standard","hentry","category-general"],"_links":{"self":[{"href":"https:\/\/malaysian-business.com\/portal\/wp-json\/wp\/v2\/posts\/3046","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/malaysian-business.com\/portal\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/malaysian-business.com\/portal\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/malaysian-business.com\/portal\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/malaysian-business.com\/portal\/wp-json\/wp\/v2\/comments?post=3046"}],"version-history":[{"count":1,"href":"https:\/\/malaysian-business.com\/portal\/wp-json\/wp\/v2\/posts\/3046\/revisions"}],"predecessor-version":[{"id":3636,"href":"https:\/\/malaysian-business.com\/portal\/wp-json\/wp\/v2\/posts\/3046\/revisions\/3636"}],"wp:attachment":[{"href":"https:\/\/malaysian-business.com\/portal\/wp-json\/wp\/v2\/media?parent=3046"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/malaysian-business.com\/portal\/wp-json\/wp\/v2\/categories?post=3046"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/malaysian-business.com\/portal\/wp-json\/wp\/v2\/tags?post=3046"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}