Markets cheer Singtel’s special dividend; company posts 23% higher H1 profit
Add BT as a preferred source
DeeperDive is a beta AI feature. Refer to full articles for the facts.
TELECOMMUNICATIONS giant Singtel reported net profit of S$1.17 billion for the first half ended Sep 30, up 23 per cent from H1 FY2022.
This comes after booking a S$1 billion net exceptional gain from the group’s partial divestment of its stake in Airtel, a turnaround from the net exceptional loss the previous year.
The group on Thursday (Nov 10) declared an interim dividend of S$0.046 a share; a special dividend of S$0.05 a share for FY2023, to be paid in two tranches of S$0.025 each, will also be given with the interim and final ordinary dividends.
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.
Copyright SPH Media. All rights reserved.
TRENDING NOW
‘We’ve seen the worst-case scenario’: How Indonesia’s Cinema XXI navigated crisis and change
Higher costs, lower returns: Why are Singaporeans still betting on real estate?
S-E Asia tourism takes hit from Middle East crisis, but intra-regional travel could spell hope
Auditors flag uncertainty on Katrina Group’s ability to continue as a going concern
