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

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.