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M1's Q4 earnings dip 2.1% to S$43.6m

Operating revenue falls 11.1% to S$307.9m; service revenue down marginally but handset sales drop 26.9% to S$99m

Published Mon, Jan 18, 2016 · 09:50 PM
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Singapore

TELCO operator M1 on Monday announced a 2.1 per cent drop in fourth-quarter net profit to S$43.6 million, from S$44.5 million one year ago.

The earnings for the three months ended Dec 31, 2015 (Q4 FY2015) came on the back of an 11.1 per cent drop in operating revenue to S$307.9 million from S$346.4 million.

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