Singaporean mobile communications provider M1 posted a 2.1% decline in third-quarter net profit compared with a year earlier, an AFP report said.
The AFP report, quoting M1, said the company's quarterly net profit totaled S$42.9 million ($27.21 million) against S$43.8 million ($27.84 million) a year earlier.
'Mobile voice revenue remains under pressure in a mature market but there is good potential for growth in data usage and we will continue to drive that,' Neil Montefiore, M1's CEO, was quoted by AFP as saying.
The company, meanwhile, reported that it was on schedule to implement HSPA for its 3G network by year end, which would offer downlink speeds of up to 3.6Mbps, or nine to 10 times current speeds, the report said.
Based on the current outlook, M1 estimates its after-tax profit for the full year 2006 to be similar to 2005, the AFP report further said.