M1's handset sales volume dropped in FY13 on waning popularity of iPhones

Operating revenue slightly hit.

According to Phillip Securities Research, M1 Ltd announced its FY13 results on 20 Jan 2013. Net profits increased 9.4% y-y due to strong growth in mobile and fixed services. EBITDA margin on service revenue was 38.1%. Free cash flow for the year increased to S$176.4 million. Special dividends of 7.1 cents per share was declared, bringing the total FY13 DPS to SGD 21 cents.

However, Phillip Securities said FY13 saw lower operating revenue, mainly due to declining handset sales at about S$188 million, lower by 38% y-y. The drop in handset sales volume maybe partially due to the waning popularity of iPhone in its view.

Here's more:

More Android handset models, which are generally cheaper than the iPhone models, are preferred by consumers for their larger screen size (as well as longer battery life).

Outlook for FY14

We continue to remain optimistic on the growth outlook for M1. With enhancements on its mobile network, M1 would improve its customers experience, leading to better customer retention. M1 also is able to explore further growth opportunities for its fixed services offerings within the Enterprise segment.

If you've been wondering whether SBR could work for your company — yes, probably.

A lot of the companies we partner with started as readers. They'd been following our coverage for a while, saw their own customers and competitors in it, and eventually asked the obvious question: could we do something with you? The answer is usually yes. The shape of it depends on what you're trying to do.

The options are broader than most people assume — thought leadership articles, sponsored content, industry summits across Southeast Asia, regional awards programmes, podcasts, and media placements in print and digital. Some partners use one channel; most use a mix. We figure out the right combination by starting with your brief, not with our rate card.

So if the question has been on your mind, here's the easy way to ask it.

We'll tell you honestly whether we can help, and how. It's a better use of everyone's time.

Book a meeting

| Or download the media kit (PDF)

240,000 senior readers quarterly in print Top 1,700 Singapore companies reached

7 markets across Southeast Asia