- Maxis delivered strong results for the fourth quarter, with net profit rising 7.7 percent to RM504 million underpinned by stable postpaid and prepaid performance.
- For FY16, net profit increased by 15.8 percent to RM2 billion, boosted by efficient marketing spend and cost optimisation programme, while revenue remained flat at RM8.6 billion.
- Amid the intense price competition, Maxis performed well by focusing on offering customers uniquely attractive value propositions, boasting a combination of data at affordable prices on the best network.
Significance: For FY17, Maxis expects service revenue, absolute earnings before interest, tax, depreciation and amortization (EBITDA) and base capital expenditure to remain at similar levels to FY16. Maxis has declared a fourth interim dividend of RM0.05 per share, bringing the full-year total dividend to RM0.20.