In 1Q21, TOWR recorded revenue growth (+7.5% YoY) and net profit (52.1% YoY) on the back of tower rental income from telecommunication operators (+8.1% YoY). OPM also booked an increase of 63.2% due to efficiency of sales and marketing segment expenses (-27.0% YoY). Meanwhile, low Net Debt to EBITDA opens up the opportunity to expand more aggressively this year.
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