Singapore– M1 Limited (M1) has announced the unaudited group financial results for the year ended 31 December 2015. Operating revenue for FY2015 has increased 7.5% to S$1,157.2 million on higher handset sales. Service revenue has decreased by 1.1% to S$822.3 million, due to lower international call services revenue; and Net profit after tax has increased 1.5% to S$178.5 million.

Mobile data usage continued to grow, with revenue from mobile data for FY2015 increasing 10.7 percentage points year-on-year to 46.3% of service revenue. Fixed services revenue for FY2015 grew 21.7% to S$85.9 million and now accounts for 10.4% of service revenue.

As at end 2015, total customer base was 2.06 million. 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.

Based on current economic outlook and barring unforeseen circumstances, M1 anticipates stable performance for the year 2016. The Board of Directors has recommended a final dividend of 8.3 cents per share, taking full year payout to a total of 15.3 cents per share.