Monday, August 12, 2013

WHY MAXIS Share Price Gone Up?


Maxis Bhd share price moved above its 52 weeks high of RM7.21 to RM7.27. It closes at RM7.23 with RM0.08 gain, RM0.04 off year high.

The gains was partly due to Maxis' plan to pay a tax-free dividend of eight sen per share after it announced a better than expected second quarter result ended 30/6/2013.

Net profit rose 14% to RM528 million beating previous Q2's net profit of RM464 million.

The same quarter revenue also climbed to RM2.29 billion against RM2.21billion.

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