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Maxis Communications Bhd is “seriously looking” at a re-listing following the request by Prime Minister Datuk Seri Najib Tun Razak.

On the potential listing timeline, vice-president of enterprise and career business division, Mohamed Fitri Abdullah, said: “I cannot confirm on that.”

“We will make an announcement when the time is right,” Fitri said after launching a partnership with Cempaka Schools Malaysia yesterday.

In July, Najib asked Maxis to re-list on Bursa Malaysia to increase the market’s liquidity and attract investors.

Listed in 2002, Maxis was privatised in 2007 for close to US$5bil. The relisting is expected to raise about US$2.5bil, believed to be the biggest initial public offering (IPO) in Malaysia.

It was also reported that Maxis’ investment bankers had submitted part of the documents required for the listing to the Securities Commission.

Fitri said Maxis was on schedule to spend the RM1.6bil allocated this year to upgrade its network to accommodate the take-up of data-centric devices.

“We do see a big take-up of data-centric type of devices. We are doing a big push on mobile broadband and we need that to cater for our needs,” he said, adding that the upgrade would further enhance coverage and performance.

On the partnership with Cempaka, Fitri said close to 100 students of Cempaka International Ladies’ College (opening end-September) would receive iPhone 3GS as part of their virtual learning environment programme.

Fitri said the partnership with Cempaka marked the company’s foray into schools.

He said other schools had also indicated interest in a similar partnership.

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MY E.G. Services Bhd (MYEG), Malaysia’s electronic government services provider, announced that pre-tax profit for its fourth quarter ended June 30, 2009, rose to RM4.149 million from RM4.119 million in the same period last year.

Its revenue went up to RM13.769 million from RM12.084 million previously, the company said in a statement yesterday.

MYEG said it achieved a strong bottomline growth of 16 per cent year-on-year to RM17.2 million for its financial year ended June 30, 2009, following rising demand for its e-government services, particularly its online auto insurance and road tax renewal, and related services.

Its group revenue rose 20 per cent to RM52.5 million from RM43.8 million previously.

Basic earnings per share stood at 2.9 sen versus 2.6 sen in the previous financial year.

In view of its improved financial performance, MYEG recommended for shareholders” approval a fourth and final tax exempt dividend of 0.455 sen per share, bringing the total dividend declared to 1.82 sen per share in respect of financial year 2009.

“From a larger perspective, MYEG’s revenue has achieved compounded annual growth rates (CAGR) of 54 per cent per year from financial year 2006 till financial year 2009, while group net profits recorded 34 per cent CAGR over the same period,” said MYEG executive chairman Datuk Dr Norraesah Mohamad.

“This outstanding performance certainly attests to our successful business model, and the encouraging trend of public adoption of e-government services rolled out,” Norraesah said.

“We believe that our strong recurring income base will provide a strong foundation for financial year 2010 onwards, and enable us to actively participate in the industry”s growth moving forward,” she said.

The company’s main activities comprise development and implementation of e-government services and the provision of other related services for the e-government services projects. — Bernama

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Kurnia Asia Bhd has returned to the black, notching a net profit of RM57.05 million for the financial year ended June 30, 2009, against a net loss of RM301.79 million in the year before.

In a statement, its executive chairman, Tan Sri Paduka Kua Sian Kooi, said the substantial improvement was due to the positive and sustained underwriting performance for four consecutive quarters achieved during the financial year.

“It is an exceptional achievement amid such a touch operating environment,” he said.

Kua said the company’s Transformation of Operations and Performance programme has also helped to bring the group’s underwriting results back on track.

Kurnia holds the entire equity interest in Kurnia Insurans (M) Bhd. — Bernama

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