M1's Q4 net profit down 27.1% to S$31.8m
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Singapore
WITH traditional telecommunication services being disrupted by OTT (over-the-top) services, M1 on Tuesday reported a 27.1 per cent drop in fourth-quarter net profit to S$31.8 million, from S$43.6 million one year ago, for the period ending Dec 31, 2016.
The fall in net profit came despite a 1.9 per cent growth in revenue to S$313.9 million, from S$307.9 million.
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