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Maxis posts RM513mil earnings in Q3 FY18

KUALA LUMPUR: Maxis Bhd, which posted a net profit of RM513mil for the third quarter ended Sept 30, has declared a third interim dividend of five sen per share.

Maxis said the dividend would be paid on Dec 27 and the entitlement date for the dividend payment is Nov 30, 2018. The total dividends for the nine months ended Sept 30 is 15.0 sen per ordinary share.

The telco’s revenue in the third quarter stood at RM2.26bil against RM2.33bil in the same quarter last year. Its earnings per share was 6.60 sen during the quarter against 7.20 sen previously.

Maxis said its service revenue for the third quarter of RM2.02bil was 3.0% lower than Q317, mainly due to the decline in prepaid, which offset the growth in postpaid and home fibre business.

Its normalised earnings before interest, tax, depreciation and amortisation (EBITDA) declined 6.4% to RM1.04bil due to a lower service revenue.

Maxis said its EBITDA margin (on service revenue) remained high at 51.7%, reflecting positive results from cost optimisation initiatives.

Its capex for the current quarter was 28.5% lower at RM195mil mainly due to the higher spend on IT transformation in Q3 2017. Free cash flow for the quarter was RM600mil, compared to RM428mil in Q317 mainly due to working capital changes.

Source: TheStar