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Maxis did well in 2017: Registered its highest profit after tax in four years

KUALA LUMPUR, Feb 8 — Maxis Bhd did well last year, posting a revenue increase of RM8.69 billion and a pre-tax profit of RM2.89 billion for the financial year ended Dec 31, 2017.

For the fourth quarter, Maxis posted a higher pre-tax profit of RM71 million compared with RM675 million in the same period in 2016, while revenue went down to RM2.15 billion from RM2.21 billion.

In a statement today, Chief Executive Officer Morten Lundal said 2017 was a strong year with many proud highlights for Maxis as it gained further market share both in revenue and profits.

“We developed our superior 4G LTE network to be unparalleled in quality as the best and fastest data network in the country. Overall, our customers enjoy a combination of lots of quality data, attractive products and great connectivity.

“We are, most of all, proud to record the highest customer satisfaction we have ever seen and on track towards our ambition for full digitalisation of Maxis. All in all, a strong finish to a great year,” he said.

In 2017, Maxis said the group registered its highest profit after tax in four years, highest earnings before interest, taxes, depreciation and amortisation in five years, increased revenues in a declining market, and a clear industry-leading in 4G LTE network coverage.

“Postpaid delivered year-on-year growth of 4.2 per cent with a revenue of RM4.12 billion compared to RM3.95 billion last year, mainly driven by growth in subscription base, with high and stable average revenue per user (ARPU).

“Our flagship MaxisONE Plan has now surpassed two million subscribers, contributing a high monthly ARPU of RM117,” Maxis said.

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