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Singtel Q1 profit up 0.3% at S$944m

Revenue, impacted by weaker A$ and mandated cuts to mobile termination rates in Australia, fell 7.1% to S$3.91b

Published Thu, Aug 11, 2016 · 09:50 PM

Singapore

STRONG growth in mobile data and the cyber security business helped Singapore Telecommunications (Singtel) to record a 0.3 per cent increase in net profit to S$944 million, from S$942 million one year ago, for its fiscal first quarter ended June 30, 2016. The telco's first-quarter revenue, impacted by weaker Australian dollar and mandated cuts to mobile termination rates in Australia, fell 7.1 per cent to S$3.91 billion from S$4.21 billion.

Earnings per share rose to 5.93 Singapore cents from 5.91 Singapore cents a year ago.

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