For the three months ending September 30, 2024, Maxis Bhd‘s net profit increased by 28% to RM366 million (3Q24), primarily due to lower staff costs and increased subscribers.
A filing today informed the bourse that its revenue increased by 5.5% to RM2.58 billion.
Reduced from 16 sen in FY2023, the business announced a third interim dividend of 4 sen per share or 12 sen for the nine months.
Revenue increased 4.4% to RM7.77 billion in the 9MFY2024 fiscal year, while net profit increased 14.7% to RM1.08 billion.
Maxis stuck to its full-year forecast, which called for a low single-digit increase in EBITDA and service revenue while keeping capital expenditures below RM1 billion.
Service revenue grew 3.2% in Q3, with the enterprise business gaining 4.2% and the consumer segment rising 2.1%.
Maxis increased its EBITDA margin to 47.4% with an EBITDA of RM1.05 billion.
The business set aside RM140 million for capital projects.
Goh Seow Eng, Maxis’s CEO, emphasized the company’s dedication to providing excellent connections and attention to client needs.
Maxis stated that it will continue to provide 5G services through its partnership with Digital Nasional Bhd in reaction to the government’s decision to designate U Mobile for the second 5G network.
