M1’s net profit up 1.5% to $178.5m in 2015

Thanks to higher handset sales.

Listed telecommunications company M1 reported that its net profit rose 1.5% to $178.5m in FY15, on back of a 7.5% increase in operating revenue to $1.16 billion.

The group reported higher revenue from mobile data usage. Mobile data revenue made up 46.3% of the company’s service revenue last year, up 10.7 percentage points from a year ago.

Meanwhile, fixed services revenue for FY2015 grew 21.7% to $85.9 million and now accounts for 10.4% of service revenue. The growth was mainly driven by a larger residential customer base and new contracts secured in the corporate segment.

Postpaid customer base increased 46,000 year-on-year to 1.20 million, while prepaid customer base grew 30,000 to 733,000. During the year, the fibre customer base grew 25,000 to 128,000.

M1 will pay out a final dividend of 8.3 cents per share, taking full year payout to a total of 15.3 cents per share.