M1 rings in record full-year net profit S$175.8m

Singapore

M1 phoned home a 9.9 per cent increase in fourth-quarter profit to S$44.5 million, capping off a year of record net profit, it reported on Monday.

For the full year ended Dec 31, 2014, the telco's net profit was up 9.7 per cent at S$175.8 million while operating revenue stood at S$1.08 billion, a 6.8 per cent increase. M1's previous record was in FY2007, when its bottom line came in at S$171.8 million.

For the quarter ended Dec 31, 2014, operating revenue stood at S$346.4 million, up 24.3 per cent from the same period a year ago. The bulk of the growth, however, ca…