Yahoo Finanza Maxis Berhad Full Year 2023 Earnings: Revenues Beat Expectations, EPS Lags
Maxis Berhad (KLSE:MAXIS) Full Year 2023 Results
Key Financial Results
Revenue: RM10.2b (up 4.0% from FY 2022).
Net income: RM993.0m (down 14% from FY 2022).
Profit margin: 9.8% (down from 12% in FY 2022). The decrease in margin was driven by higher expenses.
EPS: RM0.13 (down from RM0.15 in FY 2022).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Maxis Berhad Revenues Beat Expectations, EPS Falls Short
Revenue exceeded analyst estimates by 2.0%. Earnings per share (EPS) missed analyst estimates by 25%.
Looking ahead, revenue is forecast to grow 2.3% p.a. on average during the next 3 years, compared to a 5.4% growth forecast for the Wireless Telecom industry in Asia.
Performance of the market in Malaysia.
The company's share price is broadly unchanged from a week ago.
Risk Analysis
It is worth noting though that we have found 2 warning signs for Maxis Berhad that you need to take into consideration.
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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
