Maxis 4Q net profit eases to RM319 mln

KUALA LUMPUR: Maxis Bhd’s net profit for the fourth quarter ended Dec 31, 2020 (4Q20) eased to RM319 million from RM353 million in 4Q19.

Revenue also declined to RM2.26 billion from RM2.59 billion previously, the telco said in its filing with Bursa Malaysia yesterday.

“The service revenue fell to RM1.94 billion compared to RM1.99 billion in 4Q19, largely due to the temporary lack of international roaming income due to Covid-19.

“However, this was offset by the growth in enterprise and fibre businesses,” it said.

The telco said its postpaid revenue posted a slight dip of 2.2 per cent to RM967 million due to a decrease in Mobile Termination Rate and the lack of international roaming income.