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M1's Q4 profit up; moderate growth expected for 2014

Higher service revenue and lower costs boost telco's earnings 7.1% to $40.5m
Tuesday, January 21, 2014 - 06:00
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M1 ended last year with a 7.1 per cent increase in fourth-quarter net profit to $40.5 million, boosted by higher service revenue and lower costs - PHOTO: M1 LIMITED

M1 ended last year with a 7.1 per cent increase in fourth-quarter net profit to $40.5 million, boosted by higher service revenue and lower costs. It now expects a year of "moderate growth" in net profit for 2014. According to M1's CEO Karen Kooi, this means single-digit percentage growth. For

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