Time Dotcom’s Q2 net profit surges to RM2.3bil on AIMS proceeds

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Time Dotcom’s Q2 net profit surges to RM2.3bil on AIMS proceeds
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The group has declared a single-tier dividend of 16.25 sen per ordinary share following the positive results.

Time Dotcom is continuously refining its strategies to solidify its position across its retail, enterprise and wholesale customer segments.

In a filing with Bursa Malaysia, the telecommunication group attributed the higher quarterly profit to the closure of a strategic partnership with AIMS worth RM2.262 billion on April 20.Time commander-in-chief Afzal Rahim said the group is pleased with its first half of 2023 performance and feels confident of sustained growth moving forward due to the strategic decisions it had made.

The group has declared a single-tier dividend of 16.25 sen per ordinary share, to be paid on Sept 15, 2023. The initiatives are vital in order to deliver high network reliability, availability and security to its customers, the group explained.

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