KUALA LUMPUR: Maxis Bhd reported a surge of 38.05 per cent in its 4Q2015 net profit, at RM468 million, from RM339 million reported in the same quarter in 2014.
The company also saw its revenue jump up 2.49 per cent in Q4, at RM 2.17 billion, compared to the same quarter in 2014 when it reported RM2.12 billion.
Maxis said that the growth was driven by solid prepaid and postpaid performance.
The company said in a statement that its 4G LTE coverage stood at 71 per cent of the population, making it the mobile telecommunications company with the widest reach in the country.
Maxis CEO Morten Lundal said that the company’s modernized network now covers nearly 90 per cent of the population while the 4G LTE network has doubled to 71 per cent of the population coverage in Malaysia.
“The first phase of our transformation of becoming a high performing mobile company is more or less done.
“Now we have a strong foundation to push ahead with the second phase of our transformation of becoming the preferred choice for digital experience seekers,” he said in the statement.