A decent and expected set of results, as net profits were up 3.8% for the first half but flat for the quarter. A mid year dividend pay out of 7 cents, which is comparable to previous years.
Earnings per share grew by 3% as management guided for moderate earnings growth this year, my guess is around 3-5% for full year 15. On the downside, gearing increased to 80% which I hope it doesn’t go any higher.
M1’s strategy of a low cost operator for the fibre broadband market seems to be picking up well as seen from the uptrend (orange chart). I’m currently still sticking to my M1 fibre plan which costs only $39 per month ^_^
M1 sees 2Q earnings inch up 1% to $44.3 million on higher handset sales
SINGAPORE (July 20): M1 Limited, Singapore’s smallest telco operator, has reported a 1% rise in 2Q earnings of $44.3 million for the 2Q ended June …