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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

Based on current economic outlook and barring unforeseen circumstances, M1 anticipates stable performance for 2016.


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...