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Singtel's H1 revenue drops 10% on declining Australian fixed-line business

Tuesday 17 November 2020 | 09:44 CET | News
Singtel posted operating revenue of SGD 7.43 billion for its first-half period ended 30 September 2020, which represents a decline of 10 percent year-on-year, on lower equipment sales, roaming and prepaid mobile revenue. Underlying net profit was also down 36 percent to SGD 837 million, due mainly to weakness in Australia and COVID-19 crisis. Singtel said its performance for the first half of the year "reflected weakness" in its Australia fixed-line business amid structural challenges in the industry, the impact from COVID-19 and soft economic conditions.

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Categories: Mobile & Wireless
Companies: Airtel / Optus / SingTel
Countries: Asia / Australia / Singapore
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