Maxis posts RM1.18b net profit for FY2022, declares 5 sen dividend

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Maxis posts RM1.18b net profit for FY2022, declares 5 sen dividend
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KUALA LUMPUR, Feb 23 — Maxis Bhd’s net profit for the financial year ended Dec 31, 2022 (FY2022) was down 9.7 per cent to RM1.18 billion from RM1.31 billion in the same period...

KUALA LUMPUR, Feb 23 — Maxis Bhd’s net profit for the financial year ended Dec 31, 2022 was down 9.7 per cent to RM1.18 billion from RM1.31 billion in the same period for FY2021, due to the effect of Prosperity Tax.

“Enterprise converged revenue is steady, growing 0.5 per cent year-on-year, mainly supported by the growth in core enterprise mobile connectivity, slightly offset by the shift to review fixed and solutions product offering in the fourth quarter to focus on higher margin products,” it said. Revenue increased by 4.9 per cent to RM2.55 billion compared with RM2.46 billion, mainly driven by growth in consumer business revenue.

Including its own fibre build, the company now has access to serve approximately 7 million premises, it said. It has also expanded its 5G international roaming services to more countries and already rolled out a range of 5G devices to its customers.

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