Maxis record RM360m in net profit for 2Q21

by ANIS HAZIM / pic by TMR FILE

MAXIS Bhd posted net profit of RM360 million in the second quarter ended June 30, 2021 against RM342 million in the same quarter last year.

In a filing to Bursa Malaysia today, the telco company said its revenue

rose 5.3% to RM2.26 billion from RM2.15 billion previously,driven by better contribution from postpaid and fibre businesses.

Its postpaid revenue for 2Q21 increased to RM1 bil while prepaid service revenue declined 0.1 per cent y-o-y to RM685 million.

Maxis said the resilient performance during the reviewed quarter was on the back of its converged solutions strategy, while focusing on providing the best connectivity and support for communities in this challenging environment

It said earnings before interest, taxes, depreciation and amortisation (EBITDA) grew 6.1 per cent y-o-y to RM1.01 billion due to higher revenue from fibre and mobile businesses.

It has declared a second interim single-tier tax-exempt dividend of 4.0 sen per ordinary share in respect of the financial year ending Dec 31, 2021, to be paid on Sept 30, 2021. The entitlement date for the dividend payment is Sept 3, 2021.

The total dividends declared for the six months ended June 30, 2021 is 8.0 sen per ordinary share.