August 11, 2017

Singtel reported a 5.6 per cent drop in net profit, including exceptional losses, to S$891.6 million for the first quarter ended June 30 on the back of lower share of results of associates and joint ventures.

Excluding Airtel, net profit rose by 3.4 per cent. Strong performances by its core and digital businesses underpinned revenue and Ebitda growth, Singtel said. Operating revenue grew 8.3 per cent (6.3 per cent in constant currency terms) to S$4.23 billion, bolstered by first time contribution from Turn, Inc (consolidated from April 1, 2017), higher equipment sales, Data and Internet and ICT services.

Singtel closed at: S$3.760