0
General

Singtel's quarterly profit drops 24% on lower enterprise revenues, exceptional gains

Thursday 13 February 2020 | 10:37 CET | News
Singapore operator Singtel posted a net profit of SGD 627 million in its fiscal third quarter ended 31 December 2019, which represents a decline of 24 percent year-on-year. The profit decrease was due to weakness in the enterprise business, the impact of the final settlement of a gain on the Airtel Africa pre-IPO investment and lower exceptional gains, Singtel said. Excluding exceptional items, underlying net profit fell 19 percent.

Thank you for visiting Telecompaper

Sign up below to get access to the rest of this article and all the telecom news you need.

  • Register free and gain access to even more articles from Telecompaper. Register here
  • Subscribe and get unlimited access to Telecompaper’s full coverage, with a customised choice of news, commentary, research and alerts.

Subscriptions

Already registered?



Free Headlines in your E-mail

Every day we send out a free e-mail with the most important headlines of the last 24 hours.

Subscribe now

Categories: General
Companies: Airtel / Airtel Africa / AIS / NCS / Optus / SingTel / Telkomsel
Countries: Asia / Singapore
::: add a comment
This article is part of dossier

5G


Add comment

We welcome comments that add value to the discussion. We attempt to block comments that use offensive language or appear to be spam, and our editors frequently review the comments to ensure they are appropriate. If you see a comment that you believe is inappropriate to the discussion, you can bring it to our attention by using the report abuse links. As the comments are written and submitted by visitors of the Telecompaper website, they in no way represent the opinion of Telecompaper.


Related

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

Published 28 May 2020 13:44 CET | Singapore
Net profit fell 65 percent to SGD 1.08 billion due to Airtel's exceptional charges for regulatory costs, including the adjusted ...

Bharti Telecom sells 2.75% stake in Airtel for INR 84 bln, to fully repay debt

Published 27 May 2020 06:23 CET | India
Bharti Telecom, the promoter company of Indian operator Bharti Airtel, has sold a 2.75 percent stake in Bharti Airtel to ...

Australia releases 850 and 900 MHz band spectrum policy objectives

Published 11 May 2020 11:01 CET | Australia
The Australian government has released its policy objectives for the 850 MHz and 900 MHz bands. The policy objectives are ...

Singtel, StarHub-M1 secure 5G licenses in Singapore

Published 30 Apr 2020 05:46 CET | Singapore
Singapore's Infocomm Media Development Authority (IMDA) has announced that Singtel and a joint venture consortium comprising ...

Singtel TV adds 10 more channels to free preview offering

Published 27 Apr 2020 10:37 CET | Singapore
Singtel TV has expanded its free preview with 10 additional channels amid the extended COVID-19 crisis. This adds to the 95,000 ...

Singtel, TPG Telecom, StarHub-M1 bid for 5G spectrum in Singapore

Published 17 Feb 2020 14:29 CET | Singapore
Singapore's Infocomm Media Development Authority (IMDA) has announced that, at the close of the 5G Call for Proposal on 17 ...

Optus quarterly revenue slightly declines on lower equipment, service sales

Published 13 Feb 2020 11:00 CET | Australia
Australian operator Optus saw its operating revenue slightly decline by 1.1 percent year-on-year to AUD 2.3 billion in the ...

Optus pays AUD 504,000 infringement notice for spamming Australians

Published 31 Jan 2020 10:41 CET | Australia
The Australian Communications and Media Authority (ACMA) reports that Optus has paid an AUD 504,000 infringement notice after an ...

Singtel raises SGD 1.2 mln in charity for children, youth with special needs

Published 02 Sep 2019 07:14 CET | Singapore
Singapore operator Singtel has announced that its Charity Golf 2019 event has raised SGD 1.2 million for children and youth with ...

StarHub supports govt's two independent 5G networks proposal

Published 16 Jul 2019 07:50 CET | Singapore
Singapore mobile operator StarHub has announced it supports Infocomm Media Development Authority (IMDA)'s Call-for-Proposal ...

Singtel's quarterly revenue grows 2%, profits under pressure from Asian associates

Published 15 May 2019 08:02 CET | Singapore
Singapore operator Singtel saw its revenue increase by 2 percent year-on-year to SGD 4.34 billion in the fiscal fourth quarter ...





Calendar   /   Industry Events

20 Apr Grameenphone Q1 2021
20 Apr Netflix Q1 2021
20 Apr Atos Q1 2021
20 Apr Iridium Communications Q1 2021
20 Apr Apple 'Spring Loaded' event
21 Apr HKBN H1 results
21 Apr Crown Castle Q1 2021
21 Apr Netgear Q1 2021
21 Apr Elisa Q1 2021
21 Apr Orange Belgium Q1 2021
21 Apr Verizon Q1 2021
21 Apr Rogers Communications Q1 2021
21 Apr Comcast Q1 2021
21 Apr Ericsson Q1 2021
21 Apr Vivendi Q1 2021
21 Apr Proximus AGM
22 Apr Tele2 Q1 2021
22 Apr AT&T Q1 2021
22 Apr Orange Q1 2021
22 Apr VeriSign Q1 2021
22 Apr Snap Q1 2021
22 Apr Nordic Entertainment (NENT) Q1
22 Apr Intel Q1 2021
22 Apr FCC meeting
23 Apr Telia Q1 2021
25 Apr Vodafone Qatar Q1 2021
26 Apr SBA Communications Q1 2021
::: More Calendar Items