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M1’s 3Q earnings fall 23.4% to $34.4 mil on lower operating revenue

Jude Chan
Jude Chan10/18/2016 05:50 PM GMT+08  • 1 min read
M1’s 3Q earnings fall 23.4% to $34.4 mil on lower operating revenue
SINGAPORE (Oct 18): M1 has posted earnings of $34.4 million in 3Q16, 23.4% lower than the $44.9 million registered in the same quarter last year.
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SINGAPORE (Oct 18): M1 has posted earnings of $34.4 million in 3Q16, 23.4% lower than the $44.9 million registered in the same quarter last year.

Operating revenue fell 10.3% to $249.1 million in 3Q16, compared to $277.6 million in 3Q15.

M1 says this was mainly due to lower revenue from handset sales, which fell 28.9% to $51.9 million in the quarter ended September, from $73.0 million in the same period last year.

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