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Wireless

M1's Q3 service revenue grows nearly 5%, profit drops 4.8%

Tuesday 17 October 2017 | 10:17 CET | News
Singaporean operator M1 posted service revenue of SGD 206.7 million for the third quarter of 2017, which represents an increase of 4.9 percent year-on-year. Growth was mainly driven by higher postpaid and fixed services revenues, which rose 5.5 percent and 19.9 percent year-on-year, respectively. EBITDA climbed 1.3 percent year-on-year to SGD 75.5 million. Third-quarter net profit after tax declined 4.8 percent year-on-year to SGD 32.7 million, mainly due to higher depreciation and interest expenses.

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Categories: Fixed / Mobile & Wireless
Countries: Singapore
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