Singtel posts flat Q4 earnings of S$946m on forex hit

Singapore

ADVERSE foreign currency movements vis-a-vis the Singapore dollar were among the factors that resulted in a flat fourth-quarter net profit for Singapore Telecommunications (Singtel).

For the three months ended March 31, 2016, it posted a net profit of S$946 million, up just 0.8 per cent over the S$939 million clocked one year ago.

Fourth-quarter revenue was down 5.6 per cent at S$4.09 billion from S$4.34 billion one year-ago. Earnings per share (EPS) rose to 5.94 Singapore cents from 5.89 Singapore cents.

Singtel proposed an unchanged final dividend per share of 10.7 Singapore cents for the quarter, with total dividend for the year being 17.5 Singapore cents

For the full year, Singtel's net profit was up 2.4 per cent at S$3.87 billion from the preceding financial's S$3.78 billion. This came on the back of a 1.5 per cent dip in revenue to S$16.96 billion from S$17.22 billion. EPS rose to 24.29 Singapore cents…