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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.

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Categories: General
Companies: Airtel / Airtel Africa / AIS / NCS / Optus / SingTel / Telkomsel
Countries: Asia / Singapore
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