Maxis remains resilient in Q1 with RM298 million net profit

SHAH ALAM - Maxis Berhad (Maxis) has recorded another resilient quarter as it continued to ramp up investments to build strength in its core Mobile business while accelerating the growth of its Fibre and Enterprise business in today’s challenging environment.

Due to its strong convergence strategy, the company achieved a 3.0 percent year-on-year rise in service revenue to RM2,030 million, with consistent EBITDA and profit after tax.

It also declared a quarterly interim dividend of 5 cents net per share.

Moving forward, the Retail Service Provider (RSP) planned to expand its digital footprints to connect more premises with fibre connectivity in the country.

“Maxis expects to build around 400k premises passed within the next 12 to 18 months, with a majority to be completed within the year.

“For areas without fibre connectivity, Maxis provided the convenience of 4G Home Wireless Broadband,” the company said in a statement.

Maxis’ Consumer Business continued to deliver growth, maintaining leadership in mobile, network superiority and positioning themselves as a preferred choice for converged connectivity.

Meanwhile, Maxis Business has advanced its transformation process as a powerful technology partner, ready to service the market with its holistic convergent ICT offerings due to its excellent alliances in the industry.

Maxis invested RM171 million in investment for the quarter to ensure that its customers continue to enjoy an All-Ways Connected network experience.

“A substantial proportion of this has gone into future-proofing its Enterprise solutions as well as meeting the goals set forth by Jalinan Digital Negara (JENDELA).

“According to the MCMC's annual Network Performance Report, Maxis has been a leader in mobile speeds for the past six years,” the statement added.

The RSP said the quarter also saw a sharper focus on delivering an unrivalled personalised experience in a highly digitalised environment, resulting in high customer satisfaction ratings of +63 points, an increase of 5 points year over year.