S'pore's MobileOne profits rise 26.4%

S'pore's MobileOne profits rise 26.4%

SINGAPORE: Singapore's second largest mobile phone company, MobileOne, said Monday net profits in the second quarter rose 26.4 percent year-on-year, mainly due to its international call service operations.

MobileOne's second quarter profits were S$39.7 million (US$23.35 million), with international call revenues up 28.6 percent to S$27.9 million, it said.

Revenues for mobile telecommunications services rose 5.1 percent year-on-year to S$141.2 million.

Overall operating revenues, including equipment sales, rose four percent year-on-year to S$185 million.

MobileOne CEO Neil Montefiore said that with the global economic recovery and business outlook remaining positive the company would maintain its single-digit growth forecasts for the full year. --AFP