M1 profit flat at S$34.1m for Q1

Singapore

TELCO M1 on Monday posted stable net profits 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 in the previous year to S$254.1 million in the first quarter this year - driven mainly by higher fixed services revenue and mobile telecommunications services.