Singtel posts 11% rise in quarterly net profit

[SINGAPORE] Singapore Telecommunications Ltd, Southeast Asia's largest telecommunications operator, reported an 11 per cent rise in third-quarter net profit, on strong performance at home and higher contributions from its regional associates.

It posted a net profit of S$970 million (US$713 million) for the three months ended December, compared with S$872 million a year ago.

The average forecast for net profit was S$917 million by three analysts polled by Reuters.

REUTERS

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