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.