“We are on track towards our ambition for full digitalisation. All in all, a strong finish to a great year.” MORTEN LUNDAL, Maxis Bhd chief executive officer
KUALA LUMPUR: Maxis Bhd’s net profit for the year ended December 31 2017 increased 8.96 per cent to RM2.19 billion from RM2.01 billion previously.
Group revenue rose 0.7 per cent to RM8.67 billion from RM8.61 billion in the financial year 2016.
Maxis said its earnings before interest, taxes, depreciation and amortisation grew 2.1 per cent year-on-year to RM4.6 billion from RM4.5 billion, reflecting higher revenue and positive results from cost optimisation initiatives.
Its net profit in the fourth quarter rose 10.69 per cent to RM559 million from RM505 million in the same period a year ago.
In an exchange filing yesterday, the communications and Internet service provider said revenue declined 2.71 per cent in the fourth quarter to RM2.15 billion, from RM2.21 billion a year ago.
Its service revenue continued to grow positively in a declining market, up 0.8 per cent, to RM8.525 billion last year from RM8.455 billion in 2016, supported by strong growth in postpaid and integrated services.
Its postpaid segment delivered year-on-year growth of 4.2 per cent with revenue of RM4.117 billion from RM3.951 billion last year, driven by growth in subscription base, with high and stable average revenue per user.
Prepaid revenue declined by 3.7 per cent to RM3.849 billion from RM3.997 million a year ago due to lower subscription base.
“We continue to focus on retaining and growing our quality subscribers, in particular high mobile Internet users.”
The company declared a fourth interim dividend of five sen net per share, payable on March 29. This brings the full-year dividend to 20 sen net per share.
Chief executive officer Morten Lundal said last year was a strong year as the company gained further market share both in revenue and profit.
He added that overall, Maxis customers had enjoyed a combination of quality data, attractive products and great connectivity.
“We are most of all proud to record the highest customer satisfaction we have ever seen. We are on track towards our ambition for full digitalisation. All in all, a strong finish to a great year,” he said.
Maxis expects the market to remain competitive as data quality and pricing continues to be the focus for customers and competition this year.