Monday, February 28, 2011

Maxis 4Q earnings up 21.2pct to RM610m, FY10 RM2.29b

KUALA LUMPUR: Maxis Bhd posted net profit of RM610 million in the fourth quarter ended Dec 31, 2010, up 21.2% from RM503 million a year ago, boosted by its non-voice segment.

It said on Monday, Feb 28 its revenue rose 4.4% to RM2.31 billion from RM2.21 billion while earnings per share were 8.10 sen compared with 6.70 sen. It proposed dividend of eight sen a share to be paid on March 30. The entitlement date for the dividend payment is March 15.

For the financial year ended Dec 31, 2010, it posted net profit of RM2.295 billion compared with RM1.578 billion in FY09.

Maxis said its revenue for FY10 increased by 3% or RM258 million from RM8.611 billion to RM8.869 billion.

Maxis said the increase over last year was 'mainly due to increased non-voice revenue generated from the mobile services, partially offset by reduction in voice and interconnect revenue'.

The group's EBITDA grew by 2% or RM79 million on the back of higher revenue and one-off other income partly offset by higher device expenses and operating expenses.

On the outlook, it said the mobile industry was expected to become more competitive with aggressive marketing and promotion programmes putting further pressure on tariffs and operating margins.

'The driver of revenue growth for the foreseeable future is from the increasing demand for wireless broadband, internet access and other non-voice services,' it said.

Source: The Edge, 28 Feb 2011

No comments:

Post a Comment