Maxis posts resilient 3Q from cost optimisation, marketing efforts

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Nason says Maxis had a good quarterly operating performance which was driven by data growth and demand for its innovative offerings from both consumers and businesses. — Bernama photo

KUALA LUMPUR: Maxis Bhd (Maxis) showed a resilient performance in the third quarter (3Q) ended September 30, 2018, driven by surging data growth and positive results from cost optimisation and aggressive marketing initiatives.

During the quarter under review, the telecommunication company’s net profit amounted to RM513 million compared with RM564 million recorded in the same period last year, while revenue stood at RM2.26 billion versus RM2.33 billion in the previous corresponding quarter.

It said the postpaid segment continued to perform well with revenue growing 2.8 per cent to RM1.025 billion, driven by continued subscription growth with stable and high average revenue per user (ARPU) of RM93.

However, prepaid revenue fell 10.1 per cent to RM851 million, year-on-year, reflecting intense on-going price competition in the market while home fibre revenue improved 14.3 per cent to RM80 million and the subscriber base grew to 202,000 this quarter, Maxis said in a statement.

During the quarter under review, the telecommunication company declared a third interim dividend of five sen per share.

Chief executive officer Robert Nason said the company had a good quarterly operating performance which was driven by data growth and demand for its innovative offerings from both consumers and businesses.

“We are pleased with our solid core performance and while it is tracking ahead of our expectations, we anticipate strong headwinds emerging with the tapering of our wholesale revenue, the impact of sales and services tax, investment in our new fibre offerings and continued intense price-focused competition,” he added. — Bernama