KUALA LUMPUR, Feb 24 — Maxis Bhd’s net profit eased to RM1.31 billion in the financial year ended Dec 31, 2021 from RM1.38 billion a year earlier, mainly due to higher depreciation and amortisation resulting from capital expenditure investments.
Revenue for the quarter rose slightly to RM2.45 billion from RM2.26 billion in the same period in the preceding year. Maxis recorded robust operating free cash flow at RM1.28 billion in Q4 FY2021, up 12.2 per cent year-on-year due to prudent cash flow management and improved efficiency from the working capital programme as well as lower universal service provision and tax payments.
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