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.