Singtel may be picking up, despite Q2 horror
Underlying net profit is up 3.1%, with associates' showing in the tough markets of Indonesia and India levelling out
Singapore
THE headline number in Singtel's second-quarter results was ghastly, as the mainboard-listed telco posted an unprecedented quarterly loss for the three months to Sept 30. The counter lost S$0.12, or 3.64 per cent, to S$3.18 in the aftermath on Friday.
But even as Singtel grapples with the shock S$668 million loss on a one-time provision at Bharti Airtel, there was still cause for cheer when watchers peeked under the hood at associates' operating performance.
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