M1

I think result has shown some improvement and overall Net profit has risen 1.5% to $36.2m.

Come Monday would have to see if Mr.Market is in favor of this set of financial results!

TA wise, it is on a consolidation mode. A breaking out if $1.65 would be positive to take it higher towards $1.70 then $1.76 level.

Not a call to buy or sell.

Please do your own due diligence.


Results for half year ended 30 June 2018

 Service revenue for second quarter grew 5.2% year to S$193.0 million

 Fixed services revenue for second quarter grew 27.4% year on year to S$36.7 million

 Interim dividend of 5.2 cents per share.

SINGAPORE,  27  July  2018  -  M1  Limited  (M1)  today  announced  the  unaudited  group  financial  results for  the  six months  ended 30  June  2018. 

 For  the  second  quarter  of  2018,  service  revenue  grew  5.2%  year-on-year  to  S$193.0  million.  This  was mainly  driven  by  higher  postpaid  and  fixed  services  revenues,  which  grew  5.7%  and  27.4%  year-on-year to  S$132.6  million  and  S$36.7  million  respectively.

 EBITDA  increased  1.4%  year-on-year  to  S$78.4 million and net  profit  after  tax increased  1.5%  year-on-year  to S$36.2 million. 

 Fixed  services  continued  to  post  strong  growth  across  both  corporate  and  residential  segments.  Fibre customer  base  grew  6,000  quarter-on-quarter  to  200,000  and  fixed  revenue  accounted  for  19.0%  of second  quarter  service  revenue, compared  to  15.7%  a  year  ago. During  the  quarter,  M1  added  34,000  postpaid  customers,  to  bring  the  postpaid  customer  base  to  1.34 million  as  at  30  June  2018.

 Monthly  postpaid  churn  remained  stable  year-on-year  at  1.0%.  Contribution from  mobile  data  increased  to  64.4%  of  service  revenue,  up  from  55.3%  a  year  ago.  Average  postpaid smartphone  data  usage  grew  to  5.2GB  per  month  in  the  second  quarter  of  2018,  from  3.9GB  per  month  a year  ago.

  “M1  is  committed  to  stay  at  the  forefront  of  technology  advancements  and  has  embarked  on  early  multivendor  5G  trials,  including  Singapore’s  first  end-to-end  5G  live  trial  in  June  2018.  This  could  provide insightful  learning  crucial  to  the  successful  development  of  relevant  5G  services.  With  our  foundation  of dense  cell  grid  and  advanced  narrowband  Internet-of-Things  network,  we  are  well  positioned  to  harness exciting  new  capabilities  and  support  highly  reliable  and  responsive  applications  on  our  network,”  said Ms Karen  Kooi, Chief  Executive Officer,  M1. 

 “The  Smart  Nation  initiatives  will  accelerate  the  digitalisation  and  transformation  of  businesses.  By leveraging  on  our  scaled  up  ICT  and  digital  capabilities,  we  will  be  able  to  capture  new  opportunities from  Smart  Nation  initiatives  and  support  businesses  to leverage digital  technologies,” Ms  Kooi  added. 

 M1’s  Board  of  Directors has declared an interim  dividend of  5.2 cents per  share.

 More  details  are  available at  the following  links: M1 direct  weblink:   https://www.m1.com.sg/aboutm1/investors/financialandoperatingresults SGX direct