SingTel net profit down 4.2 per cent in Q3
Singapore Telecommunications, Southeast Asia's largest telecoms firm, on Tuesday said its Q3 net profit fell 4.2% compared with a year earlier when it booked exceptional gains.
By Agencies |
SINGAPORE: Singapore Telecommunications, Southeast Asia's largest telecoms firm, on Tuesday said its third-quarter net profit fell 4.2 per cent compared with a year earlier when it booked exceptional gains.
Net profit for the quarter ended December 31 totalled 952 million Singapore dollars (673 million US) compared with 994 million dollars a year earlier, the company said.
Excluding exceptional items, underlying net profit grew 21.7 per cent to 931 million dollars, it said.
Revenue rose 11.4 per cent to 3.8 billion dollars, against 3.4 billion a year earlier, driven by 11 per cent revenue growth in Singapore and an eight percent appreciation of the Australian dollar, said Singapore Telecommunications (SingTel).
Wholly-owned Australian subsidiary SingTel Optus maintained profitability in a highly competitive market, SingTel said.
For the first nine months of SingTel's financial year, revenue was 10.9 per cent higher at 11.1 billion dollars while net profit was 2.9 billion dollars, up 2.8 per cent year-on-year, the company said.
It said post-tax earnings from SingTel's regional mobile associates grew 34 per cent year-on-year to 492 million dollars and accounted for 53 per cent of the Group's underlying net profit.
Indonesia's Telkomsel, Bharti Telecom of India and Globe Telecom of the Philippines were the main drivers among associates, SingTel said.
"The Group continued its impressive growth momentum and delivered its third consecutive quarter of double-digit revenue growth," said Chua Sock Koong, the company's group chief executive officer.
Net profit for the quarter ended December 31 totalled 952 million Singapore dollars (673 million US) compared with 994 million dollars a year earlier, the company said.
Excluding exceptional items, underlying net profit grew 21.7 per cent to 931 million dollars, it said.
Revenue rose 11.4 per cent to 3.8 billion dollars, against 3.4 billion a year earlier, driven by 11 per cent revenue growth in Singapore and an eight percent appreciation of the Australian dollar, said Singapore Telecommunications (SingTel).
Wholly-owned Australian subsidiary SingTel Optus maintained profitability in a highly competitive market, SingTel said.
For the first nine months of SingTel's financial year, revenue was 10.9 per cent higher at 11.1 billion dollars while net profit was 2.9 billion dollars, up 2.8 per cent year-on-year, the company said.
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It said post-tax earnings from SingTel's regional mobile associates grew 34 per cent year-on-year to 492 million dollars and accounted for 53 per cent of the Group's underlying net profit.
Indonesia's Telkomsel, Bharti Telecom of India and Globe Telecom of the Philippines were the main drivers among associates, SingTel said.
"The Group continued its impressive growth momentum and delivered its third consecutive quarter of double-digit revenue growth," said Chua Sock Koong, the company's group chief executive officer.
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