wow 7.1c final+7.1c special dividends vs 6.3+1.7 last year!
SINGAPORE—Telecommunications company M1 reported Monday a 7.1 per cent increase in fourth quarter net profit, even though revenue dropped as a result of lower handset sales.
Net profit for the three months ended Dec 31 was S$40.5 million, up from $37.9 million in the same period in the previous year. Revenue fell 14.9 per cent to S$278.6 million.
The fourth quarter performance meant that for the whole of last year net profit increased 9.4 per cent to to S$160.2 million.
M1 pointed the finger of blame for the lower revenue on the fall in handset sales, which declined 46.3 per cent to S$71.6 million. However, services revenue increased 6.6 per cent.
Elsewhere, the company’s performance was steady, with a marginal 1.1 per cent fall in its mobile customer base compared with the third quarter.
On the upside, M1’s quarterly tax costs declined 44.8 per cent to S$6.5 million.
Looking ahead, Chief Executive Officer Karen Kooi said that growth this year will be driven by mobile data and fixed services.
“Mobile data will be driven by customers upgrading their smartphone plans and increasing adoption of smartphones by prepaid customers. Fixed services will benefit from the increasing fibre adoption in both the consumer and enterprise segments. We are well-placed to capitalise on these opportunities,” she said.
(20-01-2014, 05:53 PM)AlphaQuant Wrote: [ -> ]wow 7.1c final+7.1c special dividends vs 6.3+1.7 last year!
The dividends turn out to be much better than I expected.
(Vested)
(20-01-2014, 09:10 PM)Dividend Warrior Wrote: [ -> ] (20-01-2014, 05:53 PM)AlphaQuant Wrote: [ -> ]wow 7.1c final+7.1c special dividends vs 6.3+1.7 last year!
The dividends turn out to be much better than I expected.
(Vested)
Yes, indeed. With more revenue from fixed service, FCF will improve. We should be able to expect more special dividend in the years ahead.
(vested)
> M1 pointed the finger of blame for the lower revenue on the fall in handset sales, which declined 46.3 per cent to S$71.6 million
Got a small CNY angpow...
If the handset sales drop, the subsidies will also drop right? Especially when android phones sell better than iphone now. Margin then expected to go up. Logical?
M1 fined S$25,000 for failing to meet outdoor coverage requirements
SINGAPORE — Telco M1 has been slapped with a S$25,000 penalty by the Infocomm Development Authority (IDA) for not meeting some of the IDA’s outdoor coverage requirements.
Under the Quality of Service (QoS) framework, operators may be subject to financial penalties of up to $50,000 per month for each instance of non-compliance for each indicator. The indicators are Nationwide Outdoor Service Coverage, Call Success Rate, Call Drop Rate, In-Building Service Coverage, and Tunnel Service Coverage.
IDA said SingTel Mobile and StarHub Mobile have met its QoS for the Nationwide Outdoor Service Coverage indicator, and both telcos recorded performances of more than 99 per cent in the second and third quarters of last year.
...
http://www.todayonline.com/singapore/m1-...quirements
(21-01-2014, 09:35 PM)Contrarian Wrote: [ -> ]> M1 pointed the finger of blame for the lower revenue on the fall in handset sales, which declined 46.3 per cent to S$71.6 million
Got a small CNY angpow...
If the handset sales drop, the subsidies will also drop right? Especially when android phones sell better than iphone now. Margin then expected to go up. Logical?
lower revenue from handset sales , handset sales includes sales of phones at retail pricing ,
the bump up in handset sales previously was due to many people purchasing the iphone which was newly launched at retail pricing ,
recently , people stopped doing that because they can no longer resell it at higher pricing than what m1 has offered .
phones sold at retail pricing are not subjected to subsidy by m1 ,
hence the drastic dropped in the handset revenue
M1 is having more than its fair share of failure. May be a topic in the coming AGM...
M1 suffers 3rd major service disruption in 13 months
SINGAPORE — M1 mobile subscribers could not make calls, send and receive SMSes or surf the Net for most of yesterday morning, after the telco suffered its third major service disruption in slightly more than a year.
The outage, which lasted from 7am to just past noon, according to M1, prompted the Infocomm Development Authority (IDA) to express its concern, “taking into consideration other outages that happened ... in the past year”.
The regulator said it would decide on the appropriate course of action after its investigation into yesterday’s incident and has directed M1 to conduct a thorough investigation.
The smallest telco operator in Singapore said in a statement yesterday that preliminary investigations point to an issue with its call-processing software that unexpectedly prevented customers’ devices from registering on the mobile network.
...
http://www.todayonline.com/singapore/m1-...-13-months
Penalty should be 1 month of free usage by all subscribers on every failure > 1 hour. That will drive them to really focus on delivery.
$1.5M is not sufficient to wake them up, they can afford the fine.
(05-02-2014, 10:08 AM)CityFarmer Wrote: [ -> ]M1 is having more than its fair share of failure. May be a topic in the coming AGM...
M1 suffers 3rd major service disruption in 13 months
SINGAPORE — M1 mobile subscribers could not make calls, send and receive SMSes or surf the Net for most of yesterday morning, after the telco suffered its third major service disruption in slightly more than a year.
The outage, which lasted from 7am to just past noon, according to M1, prompted the Infocomm Development Authority (IDA) to express its concern, “taking into consideration other outages that happened ... in the past year”.
The regulator said it would decide on the appropriate course of action after its investigation into yesterday’s incident and has directed M1 to conduct a thorough investigation.
The smallest telco operator in Singapore said in a statement yesterday that preliminary investigations point to an issue with its call-processing software that unexpectedly prevented customers’ devices from registering on the mobile network.
...
http://www.todayonline.com/singapore/m1-...-13-months
As an M1 subscriber for more than 20yrs, i have to say my patience is really running thin with them...they probably have the most service disruptions of the 3 telcomms.