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Nikkei Markets

Maxis' quarterly net profit jumps on fiber business

Forecasts muted service revenue growth; flags challenges to revenue per user

Analysts said Malaysia's Maxis' full-year performance in 2019 was broadly in line with their expectations.   © Reuters

KUALA LUMPUR (Nikkei Markets) - Malaysian wireless carrier Maxis said Thursday its net profit rose 33.5% in the fourth quarter from a year earlier thanks to growth in fiber and enterprise businesses but flagged few challenges to its prospective earnings in 2020.

Net profit for the three months ended December totaled 355 million ringgit ($84.92 million) compared with 266 million ringgit in the same quarter a year earlier, the company said in an exchange filing. Quarterly revenue gained 5.9% year-on-year to 2.59 billion ringgit from 2.45 billion ringgit.

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