Maxis posts 33.5% jump in Q4 net profit

TheStar Fri, Feb 21, 2020 09:10am - 4 years View Original


PETALING JAYA: Maxis Bhd saw its net profit for the fourth quarter rise 33.5% to RM355mil, driven by strong postpaid growth, high and stable mobile average revenue per user (ARPU), as well as consistent growth in fibre subscriptions.

The group’s revenue for the three-month period ended Dec 31,2019, also came in 5.9% higher at RM2.6bil.

The group declared a fourth interim dividend of five sen net per share, bringing the annual dividend to 20 sen.

In its filing to the stock exchange, the group said its service revenue for the quarter was 2.7% lower year-on-year, largely due the termination of a network sharing agreement and decline in prepaid revenue generating subscribers (RGS), which was offset by the growth in postpaid and Home Fibre subscribers.

Maxis CEO Gökhan Ogut(pic) said the group was happy to close 2019 on a high note. “We delivered a strong Q4, with continued leadership in our core mobile business whilst making strong progress towards our convergence ambition.Maxis CEO Gökhan Ogut(pic) said the group was happy to close 2019 on a high note. “We delivered a strong Q4, with continued leadership in our core mobile business whilst making strong progress towards our convergence ambition."

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