Maxis ... Apr10

MAXIS expects to maintain a strong cashflow position as it targets a high single-digit revenue growth in 2010 said a Company top executive on Mar 31, 2010.

FINANCING COSTS TO RISE
MAXIS' financing costs are expected to rise in 2010 after it recently borrowed RM5 bil to repay its parent as part of its Pre-Listing restructuring exercise.

STRONG REVENUE GROWTH EXPECTED IN 2010
" .... We are expecting strong revenue growth this year (2010), which will compensate for the drop in margins ...." said CEO, SANDIP DAS to REUTERS in an interview. " .... At the same time, we are keeping costs under control. We still expect to keep a strong cash flow in the Company after serving our interest costs ...." he said.

MAXIS' US$3.3 bil (RM10.8 bil) re-listing in Nov 2009 was Southeast Asia's biggest ever second-time IPO.