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M1's Q1 net up 4.4% at $42.8m

M1 posted a 4.4 per cent increase in net profit at $42.8 million for the first quarter ended March 31, 2014, yesterday. Operating revenue shrank 1.2 per cent to $240.2 million as handset sales and revenue from international call services declined. Lower sales volume saw handset sales falling 16.

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