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Singapore's M1 Q1 service revenue up 3.5 percent

F.Y. Teng | April 16, 2012
The cellular communications provider racked up S$191.7 million in the three months ended March 31, 2012.

M1 Limited, one of the three cellular communications services providers in Singapore, released its unaudited group financial results for Q1 2012 (the three months ended March 31, 2012). Key details below.

* Service revenue rose 3.9 percent to S$191.7 million.

* Net profit after tax went down by 5.3 percent to S$40.3 million

* Revenue from non-voice services went up by 2.2 percent, and represented 36.9 percent of total service revenue.

Executives also reported that "as at 31 March 2012 [M1's] total mobile customer base stood at 2.014 million" and that its fixed customer base had grown to 50,000.

M1 CEO Karen Kooi sounded a positive statement upon the financial announcement. "Based on the current economic outlook and barring any unforeseen circumstances, we are maintaining our guidance of stable performance for 2012," she said.


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