N2N Connect Bhd Reports Earnings Results for the First Quarter Ended March 31, 2016

Performance of current quarter against the preceding year corresponding quarter

For the current quarter ended 31 March 2016, the Group recorded revenue of RM10.11 million, 8.7% higher compared to that achieved in the preceding year corresponding quarter of RM9.30 million. The increased was mainly due to monthly fixed charge for leased lines and increased of monthly fixed charge subscription.

The Group recorded a profit attributable to the owners of the Company of approximately RM2.90 million, 30.6% higher compared to that achieved in the preceding year corresponding quarter of RM2.22 million. This was mainly due to the higher operating income, mentioned above.

Posted on 23 May 2016