Bursa Malaysia Stock Watch

Maxis Q4 profit climbs 21pc

kltrader
Publish date: Tue, 01 Mar 2011, 11:01 AM
kltrader
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Maxis Bhd, the country's largest mobile operator, ended its financial year with a bang, by posting its best-ever quarterly revenue and earnings before interest, tax, depreciation and amortisation (Ebitda).

For the fourth quarter ended December 31, 2010, the company posted RM610 million in net profit, RM2.3 billion in revenue and RM1.17 billion in Ebitda. It also maintained its Ebitda margin at the 50 per cent level.

During the quarter, it added 429,000 new customers to end the year with 13.95 million customers, which included more than 10 million prepaid subscribers.

The company said it is hopeful to see revenue growing mid-single digit this year, and subscriber base to expand by high-single digit.

Maxis, which spent RM1.4 billion in capital expenditure (capex) in 2010, is also expected to spend RM1.4 billion on capex this year. Most of the capex will be used for expansion of 3G network and fixed-line infrastructure.
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