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Singtel's Q2 net profit falls 5.6% to S$972m

This is in the absence of exceptional gains recorded last year; telco lowers outlook for FY2017
Friday, November 11, 2016 - 05:50

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Singtel's H1 net profit was down 2.8 per cent at S$1.92 billion, while operating revenue fell nearly 5 per cent to S$8 billion.

Singapore

SINGAPORE Telecommunications (Singtel) lowered its outlook for fiscal year 2017 from its May guidance, saying it expects operating revenue to fall by a low single digit and for a stable Ebitda (earnings before interest, tax, depreciation and amortisation) based on the first half

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