N2N Connect Bhd Reports Earnings Results for the First Quarter Ended March 31, 2017

Performance of current quarter against the preceding year corresponding quarter

For the current quarter ended 31 March 2017, the Group recorded revenue of RM11.36 million, 12.4% higher compared to that achieved in the preceding year corresponding quarter of RM10.11 million. The increase was mainly due to higher monthly fixed charge for leased lines and managed services and monthly variable matched trades.

The Group recorded a profit attributable to the owners of the Company of approximately RM3.62 million, 24.8% higher compared to that achieved in the preceding year corresponding quarter of RM2.90 million. This is mainly due to higher revenue earned.

Posted on 30 May 2017