Yes! Going to draw my first dividend of 6 cents per share.
Maxis profit jumps on mobile ops
PETALING JAYA: Maxis Bhd's net profit for its third quarter ended Sept 30 jumped 28.1% to RM615mil against the previous corresponding period supported by growth in its total mobile subscription.
Revenue inched 1.74% up to RM2.16bil from a year ago.
Chief executive officer Sandip Das said the higher revenue was primarily due to the 3% increase in mobile subscription, bringing the total to 11.7 million.
"The third quarter saw healthy net additions of 312,000 driven by pre-paid and wireless broadband subscriptions," he said in a filing with Bursa Malaysia yesterday.
Post- and pre-paid average revenue per user remained stable at RM103 and RM41 respectively for the period under review. Non-voice revenue rose 8% quarter-on-quarter to RM663mil due to an increase in SMS and advanced data services revenue.
Sandip said Maxis was encouraged by the growth of the non-voice revenue which accounted for 33% of its mobility revenue.
"We anticipate this will be an area for future growth. Our investment to modernise our 3G network over the last few quarters is beginning to pay off. By the end of this year, we will be well on course towards accomplishing our plans to have a full HSPA (High-Speed Packet Access) 3G network," he said.
Maxis has declared an interim single-tier tax exempt dividend of 6 sen per share payable on Jan 15. The entitlement date for the dividend payment is Dec 31.
Via The Star
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