Maxis net quarterly earnings fall by 5%: Q2′ 2010

Maxis, Malaysia’s biggest mobile operator, has recorded a 5% fall in quarterly earnings despite ruling customer growth in the market.

The company saw a Post-tax profit of US$169.8011 million for the second quarter. Revenue increased by 2.3% compared to last year.

EBITDA was off 1.7% to 1.0 billion, with EBITDA margin down 4.1  points to 46.9%, mostly because of higher costs. Sales and marketing costs as a proportion of total spending grew from 4.1% a year ago to 5.2%.

According to CEO Sandip Das, Maxis had become the market leader in mobile broadband, adding 135,000 customers for the period. It now has 6.7 million mobile internet subs and data accounts for 36.6% of mobile revenue, up from 34.8% in Q1.

It added 280,000 net customers for the quarter to take its total to 12.97 million, snaring 47% of total net adds in Malaysia over the last four quarters.