M1 Q3 net profit down 4.8% to S$32.7m

M1 on Monday announced a 4.8 per cent fall in net profit after tax to S$32.7 million for its third quarter ended Sept 30, 2017 due mainly to higher depreciation and interest expenses.

Revenue was steady at S$251.6 million, one per cent higher than last year's S$249.1 million. Of the total revenue, service revenue increased by 4.9 per cent year-on-year to S$206.7 million, driven primarily by higher postpaid and fixed services revenues, which grew 5.5 and 19.9 per cent, respectively.

Earnings per share slipped 4.5 per cent from 3.7 Singapore cents to 3.5 cents.

No dividends have been declared by the telco for the period.