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PETALING JAYA: Maxis Bhd's net income decreased by 16.4% to RM 478 million for the second quarter (Q2) ended June 30, 2018 compared to RM 572 million during the corresponding period former.
The turnover is down 3.8% to RM2.25 billion against RM2.34 billion.
Telco proposed to declare an interim dividend of 5 sen per share for the quarter under review.
For the first six During the year, Maxis recorded a 6.8% drop in net income to RM1 billion from RM 1.07 billion a year ago, while the turnover of business is contracted 4.8% to 4.48 billion RM against 4.41 billion RM.
Its service sales figure stood at RM 2.01 billion in the 2nd quarter of 2018, down 2.7% from Q2 2017, mainly due to the decline in prepaid offset the growth of postpaid and fiber optic activities. The turnover rises to 1.01 billion rand, supported by the strong underwriting base, which has continued to grow since the third quarter of 2016 and has reached nearly 3 million subscribers . The postpaid ARPU remained high at RM 94.
Prepaid service business turnover decreased by 13% to RM 854 million due to lower subscriptions, impacted by further consolidation SIM, prepaid to postpaid migration and intense price competition. The mobile Internet business figure remained high at 56.2% of prepaid business, which contributed to the stability and upside of the RM ARPU 42.
Maxis committed RM 220 million in Q2 2018. Free cash flow is $ 541 million While the market is expected to remain competitive, Maxis has indicated that he continues to focus on maintaining his leading position in relying on its 4G LTE network with its coverage and top speed.
The group maintains its guidance for the year ended December 31, 2018, with revenues from services and earnings before interest, taxes, depreciation and amortization (ebitda) decreasing by one digit and A single digit number.
Its core investment spending is expected to be in the order of RM 1 billion and its free cash flow (excluding spectrum transfer fees) at a level similar to that of the United States. fiscal year 2017.
At 14:38, the action Maxis is trading at RM5. 52, down 2 sen or 0.4%.
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