M1 posts 11% rise in Q2 profit, bouyed by rise in subscribers and mobile data revenue

Mobile operator M1 posted a 11.2 per cent rise in second-quarter net profit to $39.2 million, driven by an increase in subscribers and mobile data revenue. -- ST FILE PHOTO
Mobile operator M1 posted a 11.2 per cent rise in second-quarter net profit to $39.2 million, driven by an increase in subscribers and mobile data revenue. -- ST FILE PHOTO

MOBILE operator M1 posted a 11.2 per cent rise in second-quarter net profit to $39.2 million, driven by an increase in subscribers and mobile data revenue.

Revenue grew 5 per cent to $244.5 million for the three months ended June 30.

In the second quarter, the telco added 55,000 mobile customers bringing its total base to 2.1 million. Of these, 307,000 were on its fourth-generation (4G) mobile data plans.

M1 also added 7,000 fibre broadband customers, bringing its base to 67,000 as at June 30.