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General

Singtel's FY net profit plunges 65% on charges for regulatory costs at Airtel

Thursday 28 May 2020 | 13:44 CET | News
Net profit fell 65 percent to SGD 1.08 billion due to Airtel's exceptional charges for regulatory costs, including the adjusted gross revenue matter and a one-time spectrum charge. Singtel took a net exceptional charge of SGD 302 million this quarter, mainly arising from Airtel's provision for the spectrum charge. 

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