kUALA LUMPUR: TIME Dotcom Bhd
remains cautiously optimistic about its growth, driven by network expansion, efficient operations, and effective go-to-market strategies to deliver innovative products and services.
“The group is also committed to seizing opportunities by offering attractive connectivity solutions that empower digitalisation in both the private and public sectors,” it said in a filing with Bursa Malaysia.
In the fourth quarter ended Dec 31, 2024 (4Q24), Time’s net profit surged 34.7% to RM114.4mil, or 6.19 sen per share, bringing its full-year net profit to RM382.8mil, or 20.71 sen per share.
Revenue for the quarter rose to RM430.6mil, lifting full-year revenue to RM1.69bil.
The board declared an ordinary interim dividend of 10.42 sen and a special interim tax-exempt (single-tier) dividend of 5.27 sen per share for the financial year ended Dec 31, 2024.
Given the group’s strong profitability and healthy cash position, the board also announced an additional special interim tax-exempt (single-tier) dividend of 22.18 sen per share as part of its balance sheet optimisation efforts.
The total payout of RM700.2mil will be distributed on March 27.
“We are pleased with our performance for 2024, despite an increasingly competitive domestic market.
“We remain committed to expanding our network and enhancing service quality to deliver the best experience to our customers,” commander-in-chief Afzal Abdul Rahim said in a statement.
The group continues to make progress in its sustainability efforts toward its Net Zero target by 2050, with further details to be provided in due course.
