The Business Times
business-time-50
SUBSCRIBERS

Singtel expects rebound in core business, after 4.9% rise in underlying H2 earnings

google-preferred-sourceAdd BT as a preferred source
Annabeth Leow
Michelle Zhu

Annabeth Leow &

Michelle Zhu

Published Fri, May 27, 2022 · 02:27 PM
    • Singtel noted in a press release that it is expected to benefit from a recovery in international travel as borders reopen, and added that the group will press on with an ongoing business transformation.
    • Singtel noted in a press release that it is expected to benefit from a recovery in international travel as borders reopen, and added that the group will press on with an ongoing business transformation. PHOTO: BT FILE

    DeeperDive is a beta AI feature. Refer to full articles for the facts.

    SINGTEL is banking on a travel recovery, as well as easing competition in regional markets, to shore up its top line in the year ahead, the telco’s management has said.

    “Notwithstanding the headwinds we’re seeing, we do see the operations from the core (business) coming back quite convincingly,” chief financial officer Arthur Lang told a briefing.

    The latest outlook was delivered as mainboard-listed Singtel on Friday (May 27) reported a 4.9 per cent year-on-year increase in second-half underlying net profit, to S$941 million, for the 6 months to Mar 31, 2022.

    Decoding Asia newsletter: your guide to navigating Asia in a new global order. Sign up here to get Decoding Asia newsletter. Delivered to your inbox. Free.

    Financial resultsSingtelTelecommunications

    Copyright SPH Media. All rights reserved.

    Reuse this contentFeedback

    TRENDING NOW

    Air India has been one of the foreign carriers most affected by the outbreak of hostilities in the Middle East.

    Air India asks Tata, Singapore Airlines for funds after US$2.4 billion loss

    In this economy, the smartest bets might no longer be sitting an ocean away, but are waiting right here at home.

    ‘Boring’ is the new black: The stars are aligning for a Singapore stock market revival

    Malaysia Madani, or Civil Malaysia, is Prime Minister Anwar Ibrahim's slogan encapsulating positive values (such as humanity and strong governance) that would shape policy direction. But the "corporate mafia" claims have now cast the spotlight on governance credibility.

    From 1MDB to ‘corporate mafia’: Is Malaysia facing a new governance test?

    Malaysia ranks 23rd globally on the Milken Institute’s global opportunity index.

    South-east Asian markets account for 8.8% of global capital inflows from 2021 to 2024: report

    Latest T-bills Treasury Bills Results & Interest NewsLatest SSB Singapore Savings Bonds NewsLatest COE Certificate of Entitlement News
    Latest Johor-Singapore SEZ NewsLatest BTO Build To Order & Sales of Balance NewsLatest STI Straits Times Index NewsLatest SGX Dividends, Share Price NewsLatest Bonds Market NewsLatest Singapore Stocks To Buy NewsLatest Singapore Economy News
    View More