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M1 posts 4.9% decline in 3Q earnings to $32.7 mil

Samantha Chiew
Samantha Chiew • 2 min read
M1 posts 4.9% decline in 3Q earnings to $32.7 mil
SINGAPORE (Oct 16): M1 reported a nearly 5% dip in 3Q17 ended Sept earnings to $32.7 million from $34.4 million in 3Q16 a year ago, mainly due to higher depreciation and interest expenses.
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SINGAPORE (Oct 16): M1 reported a nearly 5% dip in 3Q17 ended Sept earnings to $32.7 million from $34.4 million in 3Q16 a year ago, mainly due to higher depreciation and interest expenses.

This brings 9M earnings to $101.5 million, down 13% from a year ago.

Total operating revenue increased 1% to $251.6 million in 3Q17 compared to $249.1 million in 3Q16, due to higher postpaid and fixed services revenue, but was offset by lower international call services revenue.

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