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M1’s 1H15 Earnings Up 3.8%

Shares Investment

M1 announced 1H15 revenue of $571.7 million, expanding 19.2 percent due to higher handset sales.

Cost of sales increased by $86 million, 49 percent higher than 1H14, due to higher handset costs.

Overall, net profit increased 3.8 percent to $90 million supported by the group’s service revenue of $408.6 million.

In the second quarter, M1 added 19,000 customers to 1Q15 count, bringing the group’s total customer base to 2 million as at 30 June 2015, 4.8 percent lower than last year.

The group’s mobile market share was 23.1 percent at end April 2015.



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