The Business Times
business-time-50

Singtel Q1 earnings fall 24.2% on 'intense' competition, travel curbs

Vivienne Tay

Vivienne Tay

Published Mon, Aug 17, 2020 · 09:50 PM

    Singapore

    SINGAPORE Telecommunications (Singtel) suffered a hit to group revenue and earnings before interest, tax, depreciation and amortisation (Ebitda) for the first quarter ended June 30, 2020.

    Ebitda was down 24.2 per cent to S$897 million from S$1.18 billion a year ago, it said in a business update on Monday. Excluding National Broadband Network (NBN) migration revenues, Ebitda dropped 27 per cent to S$797 million from S$1.09 billion a year ago.

    SingtelTelecommunications

    TRENDING NOW

    Wan Chee Foong (left) and Lars Kastrup will work together during the handover period.

    Temasek’s Wan Chee Foong to helm PIL, Lars Kastrup to be board adviser

    Chagee's flagship store at VivoCity. The milk-tea brand is pivoting away from a franchise-heavy structure towards greater direct ownership.

    Chagee, Mixue and Luckin won the market. Sustaining their edge is the harder part

    From left: Pham Nhat Quan Anh, Pham Nhat Vuong, Pham Thu Huong and Pham Nhat Minh Hoang. The couple (centre) remain senior figures in Vingroup, with their children’s presence in the ecosystem growing.

    He built the Vingroup empire. Now South-east Asia’s richest man is handing some key roles to his sons

    MAS notes that the possible reassessment of AI-related asset valuations is a key risk factor.

    One-third of Singapore-listed firms at risk in severe AI downturn: MAS

    Latest T-bills Treasury Bills Results & Interest NewsLatest SSB Singapore Savings Bonds NewsLatest COE Certificate of Entitlement News
    Latest Johor-Singapore SEZ NewsLatest BTO Build To Order & Sales of Balance NewsLatest STI Straits Times Index NewsLatest SGX Dividends, Share Price NewsLatest Bonds Market NewsLatest Singapore Stocks To Buy NewsLatest Singapore Economy News
    View More