Update: Singtel Fiscal Q1 Profit Plummets 72%; Revenue Edges Up

MT Newswires
Aug 13

(Updates to add Singtel's primary ticker)

Singapore Telecommunications or Singtel (SGX:Z74, SGX:Z77) posted a 72% year-over-year decrease in net profit for the fiscal first quarter to SG$818 million from SG$2.88 billion.

Underlying net profit, from which core dividends are paid, was up 21% on year to SG$831 million.

Operating revenue rose 4.9% for the three months ended June 30 to SG$3.56 billion from SG$3.39 billion, according to a Singapore Exchange filing on Thursday.

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