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Đánh bạc đổi thưởng(www.84vng.com):Maxis revenue rises to RM2.4 bil in Q3

Đánh bạc đổi thưởng(www.84vng.com):Maxis revenue rises to RM2.4 bil in Q3

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Outgoing CEO Gokhan Ogut says the quarter’s strong performance underlined the group’s stability in building the foundation for further growth.

PETALING JAYA: Taking into account the economic outlook and its year-to-date results, Maxis Bhd has guided to a flat to low single-digit increase in its earnings before interest, tax, depreciation and amortisation (ebitda) for the financial year ending Dec 31, 2022 (FY22).

The telecommunications service provider recorded an ebitda of RM3.84bil in FY21 while net profit stood at RM1.31bil.

Maxis also guided for its service revenue, defined as revenue excluding sale of devices, to see a low to mid single-digit growth in FY22 year-on-year (y-o-y).

It recorded a revenue of RM9.2bil in FY21, of which RM7.98bil was service revenue.

The telco posted a 5.9% y-o-y increase in revenue to RM2.41bil for the third quarter ended Sept 30 (3Q22) as its service revenue rose by 3.7% y-o-y to RM2.11bil, as a result of growth in its consumer and enterprise businesses.

Its ebitda for the period rose by 3% y-o-y to RM1bil owing to its continued cost-management initiatives.

Despite posting a growth in revenue, Maxis’ earnings for the quarter plunged by 3.1% y-o-y to RM315mil or earnings per share (EPS) of 4 sen, as a result of the one-off prosperity tax.

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Maxis declared a third interim dividend of five sen per share for the quarter, payable on Dec 22, 2022, bringing the cumulative year-to-date dividend for FY22 to 15 sen per share.

Outgoing chief executive officer Gokhan Ogut said the quarter’s strong performance underlined the group’s stability in building the foundation for further growth.

“Our focus will always be on our customers and ensuring that we continue to improve and provide the best experience through our network, digital solutions and services.

“We look forward to bringing soon the best of 5G services to our customers who can now sign up for exciting 5G device offers, which were launched today (yesterday),” he said.

Ogut will step down from his role upon completion of his service on Nov 30, after having spent three-and-a-half years with the telco. Maxis said it has appointed Goh Seow Eng as its new CEO effective Dec 1, 2022.

For the first nine months of its financial year 2022 (9M22), Maxis’ revenue jumped 6.6% y-o-y to RM7.24bil. Its service revenue grew 3.7% y-o-y to RM6.22bil on the back of growth of both consumer and enterprise businesses.

Maxis’ consumer business revenue increased by 3.6% y-o-y to RM5.06bil, driven by an increase in postpaid and home connectivity revenue.

Net profit for 9M22 dipped by 7.6% y-o-y to RM942mil or EPS of 12 sen owing to the prosperity tax.

On Nov 2, Maxis’ board of directors, in a filing with Bursa Malaysia, said they will seek shareholders’ approval before entering into a 5G access agreement with Digital Nasional Bhd.

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