Singtel growth slows on forex effects, Australia

Thursday 15 May 2014 | 09:26 CET | News
Singapore Telecommunications (SingTel) reported net profit for its fiscal fourth quarter up 3.5 percent year-on-year to SGD 898 million. Growth was held back by the weaker Australian dollar and regional currencies; excluding the currency effects, net profit would have grown 13 percent. The operator said it profited from a solid consumer business in its home market and a strong return from its stake in Indian operator Bharti Airtel. Pre-tax earnings from its holdings in mobile operators abroad increased 9 percent to SGD 558 million. Operating revenue was still down 7.9 percent to SGD 4.128

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Categories: General
Companies: Bharti Airtel / Optus / Singapore Telecommunications / SingTel
Countries: Asia
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