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Singtel's quarterly revenues drop 7%, profit flat

2016-08-11 07:29:00| Telecompaper Headlines

(Telecompaper) Singapore Telecommunications (Singtel) reported a net profit stable year-on-year at SGD 944 million in the quarter ended 30 June 2016. In constant currency terms, profit increased by 2 percent in the period. Strong performances by Telkomsel and Airtel saw pre-tax contributions from the regional associates grow 14 percent for the quarter to SGD 714 million, Singtel said. Singtel reported revenues for the quarter ended 30 June 2016 down 7.1 percent from a year earlier to SGD 3.9 billion.

Tags: flat drop profit quarterly

Category:Telecommunications

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