Singtel reports a 42% drop in net profit but signals underlying growth and a higher dividend.

Singtel, Southeast Asia's largest telecom company, reported a 42% drop in first-half net profit to S$1.23 billion, due to the absence of a S$1.2 billion gain from a previous Telkomsel merger. However, underlying profit rose 6% to S$1.19 billion, with its Australian unit Optus maintaining operating revenue at A$4.02 billion. Singtel declared a 35% higher interim dividend and expects low double-digit EBIT growth for fiscal 2025.

November 13, 2024
10 Articles