Malaysia’s TIME dotCom (TdC) has released its financial results for the three months ended 30 September 2011, revealing a tenth consecutive quarter of profit, with net profit in the quarter almost doubling on the back of higher non-global bandwidth sales, higher profit margins and adjustments for previously recognised expenses. In the telco’s third quarter of the 2011 fiscal year it reported net profit of MYR40.7 million (USD9.4 million), a 94% year-on-year increase against the MYR20.9 million it recorded in 3Q10. Revenues in the three-month period however totalled MYR76.9 million, representing a fall of almost 12%, in part as a result of lower global bandwidth sales
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OVETEL TIME dotCom sees profit almost double in 3Q11
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