Singaporean operator M1 posted flat profits on lower revenues for the six-month period ended 30 June, notes Telecompaper. Revenues were SGD376.9 million (US$282 million), down 7.9 percent from SGD409.3 million in 1H09. The drop is due to the challenging operating environment, M1 said. Net profit slipped slightly to SGD78.9 million from SGD79.1 million in the year-ago period.