The telecommunications company said its revenue jumped 4.86% to RM2.59 billion in Q2 FY2024 from RM2.47 billion previously, contributed by a 3.7% growth in consumer service revenue and a 10.8% growth in enterprise businesses.

“The increased revenue led to a 4.4% rise in earnings before interest, taxes, depreciation, and amortisation (Ebitda) in Q2 FY2024 from the same quarter last year, translating into a higher net profit for the quarter under review,” it said in a filing with Bursa Malaysia today.

However, Maxis said that higher operation, maintenance and marketing expenses had resulted in a slight dilution of the Ebitda margin of 0.2%.

“Maxis was prudent with its capital expenditure investments in Q2 FY2024, with investments focussed on modernising the network, network capacity, fibre network rollouts, and information technology digitisation,” it said.

For the six months ended June 30 (H1 FY2024), Maxis said its net profit advanced 9.1% to RM709 million from RM650 million a year earlier, while revenue was 3.8% higher at RM5.19 billion compared with RM5 billion previously.

Moving forward, Maxis said it remains steadfast with its strategy to grow its mobile, fibre and enterprise businesses, and is fully aligned with the government’s decision on the dual 5G network model.

The company also declared a second interim single-tier dividend of four sen per share for the financial year ending Dec 31 payable on Sept 23, with the entitlement date of Sept 5.

As at 4.45pm, Maxis’s share price was up by one sen or 0.28% at RM3.55, giving the group a market capitalisation of RM27.81 billion.