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M1's Q3 earnings fall 23.4% to S$34.4m (Amended)

It says telecom services such as international calls and roaming continue to be impacted by OTT services

Published Tue, Oct 18, 2016 · 09:50 PM

Singapore

A DECLINE in telecoms revenue, among other factors, contributed to a 23.4 per cent fall in M1's net profit for the third quarter ended Sept 30, 2016, the telco operator announced on Tuesday.

The company's earnings for Q3 fell to S$34.4 million, from S$44.9 million in the year-ago period. This came on the back of a 10.3 per cent drop in revenue to S$249.1 million, from S$277.6 million.

Ebitda (earnings before interest, taxes, depreciation and amortisation) for the quarter was down 13.9 per cent to S$74.6 million, from S$86.6 million last year. Earnings per share (EPS) were down 22.8 per cent t…

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