Maxis Berhad (KLSE:MAXIS) First Quarter 2024 Results

Key Financial Results

• Revenue: RM2.60b (up 3.0% from 1Q 2023).

• Net income: RM353.0m (up 10% from 1Q 2023).

• Profit margin: 14% (in line with 1Q 2023).

• EPS: RM0.045 (up from RM0.041 in 1Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Maxis Berhad Revenues and Earnings Beat Expectations

Revenue exceeded analyst estimates by 5.5%. Earnings per share (EPS) also surpassed analyst estimates by 24%.

Looking ahead, revenue is forecast to grow 2.3% p.a. on average during the next 3 years, compared to a 5.1% growth forecast for the Wireless Telecom industry in Asia.

Performance of the market in Malaysia.

The company's shares are up 5.6% from a week ago.

Risk Analysis

Before we wrap up, we've discovered 2 warning signs for Maxis Berhad that you should be aware of.

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