M1 rings up S$42.8m profit

Its total customer base is now up to almost 2m.

Operating revenue for the first half of 2011 at S$503 million increased 6.5% year-on-year due to higher service revenue and handset sales. Service revenue benefited from the growth in mobile customer base, as well as fixed services.

Non-voice services contributed to 35.2% of service revenue, up from 30.8% a year ago, driven by growth in the mobile broadband and smartphone customer base.

During the second quarter, M1 added 34,000 customers, bringing its total customer base to 1.968 million as at 30 June 2011. Monthly postpaid churn remained stable at 1.2% in the latest quarter.

M1’s Board of Directors has declared an interim dividend of 6.6 cents per share.

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