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Singtel posts flat Q4 earnings of S$946m on forex hit

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Group Consumer, the biggest of three business units of Singtel, saw a 12.7% dip in fourth-quarter revenue, to S$2.29 billion from S$2.63 billion one year ago.

Singapore

ADVERSE foreign currency movements vis-a-vis the Singapore dollar were among the factors that resulted in a flat fourth-quarter net profit for Singapore Telecommunications (Singtel).

For the three months ended March 31, 2016, it posted a net profit of S$946 million, up