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M1 Q2 net profit, revenue down on lower handset sales

Telco projects 'single-digit decline' in net profit after tax for 2016


M1 - the first of the three telcos to announce second-quarter (Q2 FY2016) earnings - on Friday posted a net profit of S$41 million for the three months ended June 30, a 7.5 per cent fall from S$44.3 million a year ago.

This followed a 13.2 per cent fall in revenue to S$