Singtel posts S$445m Q1 net profit, reversing year-ago loss
This comes on the back of an improved operating and business environment with the easing of Covid-19 curbs
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Singapore
SINGTEL swung into the black with a net profit of S$445 million for the first quarter ended June 30, compared with a loss of S$20 million previously, on the back of an improved operating and business environment with the easing of Covid-19 restrictions.
Underlying earnings for the group before interest, tax, depreciation and amortisation (Ebitda) was also up 30.7 per cent to S$851 million, up from S$727 million a year ago.
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