Singtel Q1 net profit up 13pc

AFP, SINGAPORE: Southeast Asian telecom giant Singapore Telecom said yesterday its first-quarter profit rose 13 per cent from a year earlier, boosted by a one-time gain from its Indian business and strong earnings from regional associates.
Net profit in the three months to June came in at Sg$942 million ($676 million), Singtel said in a filing to the Singapore Exchange, while group revenue rose 1.5 percent to Sg$4.21 billion.
Profit at Southeast Asia's biggest telecom operator by revenue was bolstered by a one-off gain of $g$47 million after its Indian associate Bharti Airtel sold mobile tower assets in Africa.

 

Singtel Q1 net profit up 13pc

AFP, SINGAPORE: Southeast Asian telecom giant Singapore Telecom said yesterday its first-quarter profit rose 13 per cent from a year earlier, boosted by a one-time gain from its Indian business and strong earnings from regional associates. Net profit in the three months to June came in at Sg$942 million ($676 million), Singtel said in a filing to the Singapore Exchange, while group revenue rose 1.5 percent to Sg$4.21 billion. Profit at Southeast Asias biggest telecom operator by revenue was bolstered by a one-off gain of $g$47 million after its Indian associate Bharti Airtel sold mobile tower assets in Africa.