M1's Q1 net profit flat at S$34.1m

TELCO M1 announced on Monday that net profits were flat at S$34.1 million for the three months ended March 31, 2018, just 0.9 per cent higher from S$33.8 million a year ago.

Revenue rose by 0.5 per cent from S$252.8 million a year ago to S$254.1 million for the first quarter, due to higher fixed services revenue and mobile telecommunications services.

Earnings per share were 3.8 Singapore cents, up 2.7 per cent from 3.7 cents in the previous year.

No dividends have been declared for the period.