(Telecompaper) Singaporean communications provider M1 reported a net profit of SGD 40.5 million for Q4, up 7.1 percent from SGD 37.9 million in the year-ago quarter. However, operating revenues were down 14.9 percent to SGD 278.6 million from SGD 327.4 million a year earlier. Handset sales slumped 46.3 percent to SGD 71.6 million. EBITDA fell 2.1 percent to SGD 79.1 million. M1 said it ended 2013 with 2.11 million mobile subscribers, up by 35,000 over the year.