Singtel results under pressure from forex, Australian market

Thursday 13 February 2014 | 09:41 CET | News
Singtel reported a drop in quarterly revenues and lowered its full-year outlook, hurt by negative currency effects and more cautious spending by business customers. Revenues for the three months to December fell 7.3 percent to SGD 4.263 billion, while EBITDA edged up 0.1 percent to SGD 1.264 billion. Net profit for fiscal Q3 improved 5.5 percent to SGD 872 million, helped by a strong contribution from affiliates such as Airtel in India. Free cash flow rose 6.9 percent to SGD 712 million. Singtel said sales would have been down 2 percent and EBITDA up 6 percent if the forex effects were

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Categories: General
Companies: Airtel / Optus / SingTel
Countries: Asia
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