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M1 gets 2.5% bounce on back of record results

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Published Tue, Jan 20, 2015 · 09:50 PM

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    Buoyant

    Singapore

    NEWS of M1's record full-year profit and a surprisingly juicy dividend gave the telco's stock a 2.5 per cent bounce in trading on Tuesday. The counter gained nine Singapore cents, finishing at S$3.71.

    On Monday, M1 had posted an all-time high profit of S$175.8 million for 2014 - an increase of 9.7 per cent year on year. Fourth-quarter profit also beat analysts' expectations, increasing 9.9 per cent to S$44.5 million.

    M1

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