M1's Q2 earnings fall 20.8% despite revenue rise
Telco eyeing new revenue streams in digital economy
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Singapore
THE transition to a digital economy will open up new opportunities, M1 said on Tuesday as it announced a 20.8 per cent drop in second-quarter net profit to S$32.5 million despite a 4.7 per cent rise in revenue to S$251.6 million for the three months ended June 30, 2017.
The telco cited higher depreciation and interest expense, among other factors, for the earnings slump.
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