M1’s net profit up 0.8% to $44.3m in Q2

On back of higher service revenue.

M1 reported that its net profit grew 0.8% to $44.3m in the second quarter, driven by a 15.5% increase in operating revenue.

On a half-year basis, the group’s net profit grew 3.8% to $90m, while revenue rose 19.1% to $571.7m.

M1 declared an interim dividend of $0.07 per share, unchanged from the year-ago period. M1 has also kept its previous guidance of achieving “moderate” earnings growth this year on back of continued growth in data usage. 

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