M1 – BT

M1's Q1 net profit dips 6%

M1 Limited posted a 6 per cent year-on-year decline in net profit for Q1 2010, from $41.9 million to $39.3 million.

Excluding the tax adjustment that had boosted Q1 2009's bottom line, M1's net profit for Q1 2010 saw an increase of about 8 per cent.

Revenue for the quarter increased 33.6 per cent from $186.4 million to $249 million.

Earnings per share for the quarter fell 6.4 per cent to 4.4 cents.

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