KUALA LUMPUR: Maxis Bhd reported 8.27% higher revenue of RM2.45bil for the fourth quarter ended Dec 31, 2021, compared with RM2.26bil posted in previous corresponding period.
It said service revenue rose 1.9% year-on-year (y-o-y) to RM289mil on the back of the core mobile business, which saw steady growth in postpaid while registering accelerated growth in fibre and wireless broadband.
In the postpaid segment, revenue rose 4.5% y-o-y to RM1.02bil due to the Maxis and Hotlink postpaid subscriber base, while average revenue per user (Arpu) dropped slightly to RM79 a month.
Prepaid revenue, meanwhile, decreased 5.9% y-o-y to RM5.96mil while Arpu eased to RM37 a month.
“Our convergence strategy and great agility in this fast-changing environment enabled us to be resilient, while our people have shown great commitment in supporting the needs of our customers and the community.
Maxis Rankaian Kita
“Through our continued investments in Rangkaian Kita and support for Rangkaian Malaysia, we are committed to bringing together best-in-class technologies and our All-Ways Connected network to ensure all individuals, families and businesses in Malaysia are connected more than ever before,” said CEO Gokhan Ogut in a statement.
Maxis recorded a net profit of RM289mil in the fourth quarter ended Dec 31, 2021, a 9.4% decline from RM319mil in the previous corresponding quarter mainly due to heavy investments in its network, enterprise solutions and fibre coverage.
The group said the bottom line was also impacted by the prudent adoption of spectrum life, which resulted in high depreciation and amortisation costs.
Over the entire financial year, Maxis posted a net profit of RM1.31bil, 5.35% lower compared to RM1.38bil in the previous year. Revenue was RM9.2bil, 2.64% higher compared to RM8.97bil in 2020.
The board of directors declared a fourth interim dividend of four sen per share plus a special interim dividend of one sen per share to bring the increased annual dividend to 17 sen per share.
The dividend has an entitlement date of March 15, 2022, and will be paid on March 31, 2022.