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SingTel Group Q4 profit tumbles on Warid Pakistan sale
2013-05-15 02:11:00| Telecompaper Headlines
(Telecompaper) Net profit for SingTel Group fell 33 percent to SGD 868 million in the fourth quarter ended 31 March, due to a one-time loss of SGD 225 million from the divestment of Warid Pakistan. In the same period a year ago, the group recorded an exceptional tax credit of SGD 270 million and net profit totalled SGD 1.29 billion. Excluding exceptional items, underlying net profit declined 2 percent to SGD 1 billion due to foreign currency movements and investments in network, spectrum, and digital initiatives. Revenues were down 6 percent to SGD 4.48 billion but EBITDA was stable at SGD 1.43 billion, reflecting strong cost management. The revenue decline was due to lower revenues in Australia. The regional mobile associates posted a 1 percent increase in pre-tax ordinary earnings to SGD 514 million, led by strong performances by Telkomsel and AIS. The group ended March with 468 million customers (excluding Warid), up 9 percent. This year, SingTel expects group revenues to be stable while EBITDA is forecast to grow by low single digit levels. Capex will go up to SGD 2.5 billion, to support the expansion of LTE coverage and 3G network enhancements.
Tags: group
sale
profit
pakistan
AmerisourceBergen completes sale of contract packaging business
2013-05-15 01:00:00| Packaging Gateway
Pharmaceutical services provider AmerisourceBergen has announced the completion of its previously announced deal regarding the sale of its contract packaging business, AndersonBrecon, for $308m.
Tags: business
sale
contract
packaging
ET deals: Dell XPS 10 tablet price drop, HP site-wide sale, more
2013-05-14 21:10:36| Extremetech
Welcome to today’s collection of the best deals across the web. If you’ve been shopping for a mid-range HDTV, don’t miss the chance to snag a Samsung 40-inch 120Hz LED TV for $649.99 with a massive $350 Dell gift card. Speaking of Dell, they just put a $150 price drop on their XPS 10 Windows…
CBRE Group, Inc. Announces the Sale of 1037 Boston Post Road, Rye, NY
2013-05-14 03:34:00| National Real Estate Investor
A Long Island investor has paid $5.6 million to acquire 1037 Boston Post Road in Rye, N.Y., a retail building comprised of approximately 9,850 sq. ft. of space, which is currently 100 percent occupied by Lesters, a clothing retailer. read more
Dish plans $2.5 billion debt sale for Sprint bid
2013-05-14 02:00:00| Total Telecom industry news
U.S. satellite operator says it has held many meetings with Sprint's advisors on takeover bid.
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