Total revenue decreased 2% to S$571 million and service revenue was lower by 1% at S$544 million. The Group’s EBITDA decreased 3% to S$177 million from S$182 million previously. EBITDA margin for the quarter was at 32.6%. Net profit after tax was S$84 million or 8% lower year-on-year (YoY). Free cash flow at S$105 million was 14% higher compared to last year’s S$92 million. Cash capital expenditure was 45% higher at S$67 million compared to the same period last year.
Fixed Network Services revenue registered the highest growth for the quarter at 2% YoY. This was followed by Mobile revenue at 1%. In terms of total revenue mix, Mobile continued to be the major contributor at 54%. Pay TV, Broadband, Fixed Network Services and Sales of Equipment contributed 16%, 9%, 16% and 5% respectively to the revenue mix.
The Board of Directors has declared an interim dividend of 5 cents per ordinary share for 1Q 2014. The dividend is payable on 30 May 2014.
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