Maxis shares down despite better earnings in Q1

PETALING JAYA: Maxis Bhd’s share price was lower this morning despite announcing improved earnings in its first quarter ended March 31, 2018.
At 11.37am, its share price was 0.51% or 3 sen lower at RM5.85 with 148600 shares traded.
Maxis reported a 4.18% rise in net profit to RM523 million during the quarter from RM502 million a year ago while revenue fell 5.8% to RM2.2 billion from RM2.4 billion a year ago.
Year-on-year, its normalised profit after tax stood at RM510 million while normalised earnings before interest, tax, depreciation and amortisation stood at RM1 billion.