WHO'S THE MOST CHARITABLE?

How TIME dotCom Berhad Gives Back To Society?

TIME dotCom Berhad

TIME dotCom Berhad is a telecommunications service provider, headquartered in Malaysia that delivers domestic connectivity across the Retail market segment as well as international and domestic connectivity, cloud computing and managed service solutions catered to the Wholesale and Enterprise market segments across the ASEAN region.

In FY2023, Time steadfastly advanced its sustainability agenda, acknowledging the growing importance of ESG performance in shaping business and operational outcomes.

Fiscal Year-End: 31 December 2023

Industry: Financial Services

Net Profit: RM2.56 billion

The net profit of TIME dotCom increased in FY2023 to RM2.56 billion from RM0.44 billion during the previous financial year.

Profit Growth (YoY): 470.98%

Time dotCom Berhad experienced a significanat jump in their year on year net profit growth at 470.98%.

Dividend Payout: 50%

The Group maintains a consistent dividend payout ratio for FY2023 at 50%.

Zakat Fund: N/A

The Group did not specify the total amount of zakat contributed in FY2023.

Cash Giving: RM0.19 million

Total cash contributions made by TIME during FY2023, was RM195,049. This contribution was made through community investment benefitting 2,962 people.

In-kind Giving: N/D

Total in-kind contributions are not defined due to incomplete data. However, contributions are still accounted for under the RM0.19 million contribution made through community investment.

Employee Volunteer Hours: 974 hours

The total employee volunteer hours reported by TIME dotCom Berhad is 974 hours.

TIME dotCom Berhad:
Cash, In-Kind and Employee Volunteer Hours

No.	Contribution	Cash Giving	In-kind Giving	Employee Volunteer Hours	Beneficiaries
1	Bubur Lambuk Giveaways at PPR Kerinchi	RM5.50k	N/A	64	Beneficiaries	A community engagement activity in respect of Ramadan with a total contribution of RM5,506.
2	Project Mangrove	RM0.01M	N/A	900	Environment	As part of the CherryTree CSR initiative to conserve nature, staff planted mangrove seedlings at the Kuala Selangor Nature Park. TIME contributed RM19,942 into this initiative.
3	Time Digital Masterclass	RM0.16M	N/A	10	Beneficiaries	A monthly webinar series to empower SMEs, providing them with valuable insights to enhance their business growth. Industry experts share success stories and knowledge, facilitating the upskilling of participants. A total of RM169,601 was contributed in this intiative.

Shows an increase monetarily or the number of beneficiaries from 2022 report.

Shows a decrease monetarily or the number of beneficiaries from 2022 report

1. The numerical value for total cash and in-kind giving was calculated based on individual monetary mentions in the Annual and Sustainability report.

2. The information above is derived from TIME dotCom Berhad’s 2023 Annual and Sustainability Report. Email correspondence was made between 12 June – 30 July 2024 to seek further clarification, however, no reply was received.

This independent report is produced without sponsorship from any organisation. The objective of the Bursa Top 20 is to promote philanthropy and encourage charitable giving among for-profit organisations.

Highlights From TIME dotCom Berhad's Giving

Focus Areas and Beneficiaries of TIME dotCom Berhad

TIME dotCom Berhad’s cash contributions amounted to RM195,049, impacting 2,962 beneficiaries within the community. Their contributions focused on welfare, including the Bubur Lambuk giveaway at PPR Kerinchi, environmental efforts such as mangrove planting, and education through monthly Digital Masterclasses. These initiatives were primarily targeted at the Community while also benefiting the Environment. Additionally, TIME reported a total of 974 employee volunteer hours in FY2023.