M1 net profit inches up by 2.8% to $134.9m

Thanks to higher contributions from its corporate segment.

The member of Singapore’s telco triumvirate has been active in launching new offerings to its customers this quarter, such as M1 Data passport, mySIM mobile plans and nationwide ultra high-speed fibre connectivity.

According to a statement by the telco, mobile data revenue rose 10.2%, accounting for 44.7% of its service revenue.

“Fixed services revenue grew by 18.9% to S$61.1million for the nine months of 2015 and now accounts for 10.0% of service revenue. The growth was mainly driven by higher contribution from the corporate segment,” M1 said.

Meanwhile, M1 has also increased its postpaid consumer base by 12,000 in 3Q, while its total mobile base grew to 1.89m.

“Monthly postpaid churn remained stable quarter on-quarter at 1.0%. M1 also added 6,500 fibre customers during the quarter to bring its base to 120,000,” M1 said.

“We will continue to innovate and invest to further enhance our value propositions and customer experience,” said Karen Kooi Lee Wah, M1’s CEO.

However, M1 says the gloomy economic outlook would bring low single digit growth in net profit for 2015.

Reaching the people who run Asia's businesses is harder than it used to be.

Inboxes are crowded. Attention is short. The executives you most want to reach — the founders, CFOs, and operators who actually move budgets — are the hardest to find through the usual channels. If you're building a company, a category, or a reputation, you already know this.

We've spent twenty years building the room they read. Singapore Business Review is where senior decision makers in Singapore and across Southeast Asia come for business coverage they can't get elsewhere — in print, online, and in person at the summits and roundtables we host across seven markets.

If you have something these readers should know about — a point of view worth publishing, a product worth their attention, an event worth their time — we'd like to hear what you're trying to do.

Book a meeting

| Or download the media kit (PDF)

240,000 senior readers quarterly in print Top 1,700 Singapore companies reached

7 markets across Southeast Asia