Business

Time’s 2011 pre-tax profit up 34pc

Time CEO Afzal Abdul Rahim said that the goal for 2011 was to squeeze as much profitability as possible.

“We increased our profits from operations by growing recurring revenue within our core market segments and improving margins in data products,” he said in a media statement.

He also said that the company had focused on expanding its footprint and now had more than 100,000 premises wired up with 100 per cent fibre network services.

The group said that for 2012, it will focus on further monetising its network and build on expanding its coverage in key market segments.

It will also concentrate on offering wholesale services and data products to further drive revenue.

 

Comments

Please refrain from nicknames or comments of a racist, sexist, personal, vulgar or derogatory nature, or you may risk being blocked from commenting in our website . We encourage commenters to use their real names as their username. As comments are moderated, they may not appear immediately or even on the same day you posted them. We also reserve the right to delete off-topic comments