M1 profit up 6.6% in Q1 with more customers

Singapore

LOCAL telco M1 on Monday reported a 6.6 per cent hike in net profit to S$45.7 million in its first fiscal quarter for 2015, which ended on March 31st. This came on top of operating revenue of S$294.8 million, which was up 22.8 per cent over the S$240.2 million clocked in the year-ago quarter. Earnings per share (EPS) was up 5.6 per cent to 4.9 cents.

Service revenue rose 0.2 per cent year-on-year to S$204.4 million, with continued growth in mobile and fixed services revenues offsetting a decline in international call services revenue. Handset sales accounted for around S$90 million of operating revenue.