M1's Q4 profit down 2.5% amid fall in handset sales

Singapore

A SLIDE in handset sales ate into telco M1's earnings in the fourth quarter, on a dip in operating revenue, even as service revenues grew on higher post-paid turnover and a rise in fixed-service contributions.

Net profit was S$31 million for the three months to Dec 31, 2017, the company said on Tuesday - a drop of 2.5 per cent on the previous year.