Maxis posts RM1.38bil net profit in FY20


CEO Gokhan Ogut said the company’s agility in meeting the demands of this unique environment enabled it to continue progressing towards its convergence ambition.

PETALING JAYA: Maxis Bhd has posted a net profit of RM319mil in its fourth quarter ended Dec 31,2020 (Q4) and RM1.38bil for its financial year 2020 (FY20), proving its resilience amid a challenging year due to the Covid-19 pandemic.

In a statement issued yesterday, it said it closed 2020 with a resilient Q4 performance, registering stable service revenue and a healthy normalised earnings before interest, taxes, depreciation and amortisation (Ebitda), while maintaining a high Ebitda margin.

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