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M1 posts 30.4% drop in 4Q earnings to $25.7 mil

Samantha Chiew
Samantha Chiew • 2 min read
M1 posts 30.4% drop in 4Q earnings to $25.7 mil
SINGAPORE (Jan 28): M1, which is in the process of being taken private by Keppel and Singapore Press Holdings, reported 4Q18 earnings to $25.7 million, down 30.4% from a year ago.
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SINGAPORE (Jan 28): M1, which is in the process of being taken private by Keppel and Singapore Press Holdings, reported 4Q18 earnings to $25.7 million, down 30.4% from a year ago.

This brings FY18 earnings to $131.3 million, 8.5% lower than $143.5 million in FY17.

Revenue for the quarter was $312.8 million, 3.7% higher than $301.7 million a year ago, mainly due to higher contribution from the group’s fixed services and handset/equipment sales, which saw revenue increase by 8.6% and 13.3% y-o-y, respectively.

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