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CORPORATE RESULTS

M1's Q1 earnings fall 6.9% to S$42.5m as revenue slips

Higher upfront customer acquisition cost for telco; stable performance expected for 2016

Singapore

TELCO operator M1's net profit declined 6.9 per cent year-on-year to S$42.5 million, from S$45.7 million, for the three months ended March 31, 2016. This is due to higher upfront customer acquisition cost. Revenue fell 12.6 per cent to S$257.6 million from S$294.8 million.

sentifi.com

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