Singtel's FY profit jumps 41% to SGD 5.4 bln

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(Telecompaper) Singapore operator Singtel ended the financial year with a net profit of SGD 5.45 billion, which represents an increase of 41.5 percent year-on-year. Revenue growth was mainly boosted by gains from the divestment of NetLink Trust and a strong performance by its core business, Singtel said. Operating revenue for the full year was up 5 percent to SGD 17.53 billion while EBITDA rose 2 percent, reflecting higher mobile and fixed broadband customer numbers in Australia and contributions from the Group’s digital businesses.
Source: Industry News (syndicated from