Farah Adilla
KUALA LUMPUR: Maxis Bhd's net profit eased 10.7 per cent to RM325 million in the third quarter (Q3) ended September 30, 2021 from RM364 million recorded in the same quarter a year ago.
Revenue increased 2.3 per cent to RM2.26 billion for the quarter from RM2.21 billion.
Maxis continued to see healthy growth in fibre broadband and another quarter of increased home fibre connections.
"This was achieved on the back of strong take up of Maxis Unlimited Postpaid and Fibre bundle packages. Value-accretive plans across its consumer segments remained popular as Malaysians become more connected and seek seamless, complete digital solutions," it said.
Maxis' prepaid segment remained stable, with targeted branding and omnichannel marketing for youth, B40 and foreign worker segments bearing success, as well as strong take up of the attractive Hotlink Prepaid Unlimited plan.
Maxis' capital expenditure (capex) for the quarter was at RM274 million, with investments focused on network quality and performance to support the increasing data traffic.
On a blended basis, data usage was at an average of 25 gigabytes a month, an increase of 28.1 per cent year-on-year.
"We are pleased to deliver another set of strong results and to continue our steady growth trajectory.
"Importantly, we will continue supporting all communities in Malaysia with greater access to devices, digital adoption for students and entrepreneurs as well as ongoing frontliner support and humanitarian efforts.
"All our initiatives during the quarter are driven by our brand purpose and our commitment to investing in the nation today and networks for growth tomorrow, so that the nation can always be ahead," Maxis chief executive officer Gokhan Ogut said in a statement today.
For the nine-month period, Maxis' net profit decreased 4.1 per cent to RM1.02 billion from RM1.06 billion, while revenue grew 0.75 per cent to RM6.76 billion from RM6.71 billion.
Maxis declared a third interim single-tier dividend of four sen per share in respect of the financial year ending December 31, 2021.
The dividend will be paid on December 30, 2021.