16 Apr '12, 6pm

M1 Q1 profit down 5.3% to $40.3m!

M1 Q1 profit down 5.3% to $40.3m!

M1 Q1 profit down 5.3% to $40.3m! by Dou on April 16, 2012 On 16/April, Singapore shares ended higher as investors remains bullish on the positive news on the local economy. STI ended higher at 2992.12 (0.1%) with regular VOL of 2.51 billion shares traded compared with 4.53 billion shares Friday. In the broader market, losers outnumbered gainers 223 to 133. Although STI closed higher today but the overall market breadth remains negative as investors choose to take profit. Headline in STI After market close M1 Limited 1Q net profit fall 5.3% to $40.3 million. Singapore Airlines passenger load factor rose 6.3 percentage points to 79.5 per cent in March. K-Reit Asia 1Q distribution per unit (DPU) doubled to 1.9 cents compared with 0.96 cents a year earlier on the back of higher contributions existing and new properties. Tiger Airways has signed a revised Term Sheet to acquire...

Full article: http://thefinance.sg/2012/04/16/m1-q1-profit-down-5-3-to-...

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