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

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.