KUALA LUMPUR: Maxis Bhd delivered stable revenue growth in the third quarter ended Sept 30, 2023 underpinned by its core consumer and enterprise lines of business.
Its service revenue rose 1.8 per cent year-on-year (YoY) to RM2.14 billion, contributed by steady growth in both segments.
Maxis' earnings before interest, tax, depreciation, and amortisation (Ebitda) stood at RM929 million, with a net profit of RM287 million.
The company declared an interim dividend of four sen per share for the quarter.
Maxis chief executive officer Goh Seow Eng said it had delivered stable growth during the quarter in an intensely competitive operating environment.
"We are seeing good take-up of our recently launched 5G and new fibre plans. Our top priority is to focus on operational excellence and we remain firmly committed to meeting all our customers' connectivity needs," he added.
Maxis' consumer business grew steadily, with postpaid revenue increasing by 6.3 per cent year-on-year (YoY).
Strong fibre demand helped home connectivity record a double-digit subscriber growth rate for an additional quarter.
Maxis' enterprise business maintained its upward momentum as revenue grew by 6.4 per cent YoY, supported by fixed and mobile solutions revenue.
To provide a strong integrated network experience across the country, Maxis allocated RM215 million in capital expenditure (capex) during the quarter to network quality and capacity expansion.
Given the current events surrounding fibre and 5G rollout by it, the company intends to carefully control capex while expanding its clientele and service portfolio.