The Business Times
SUBSCRIBERS

Singtel sinks to S$1.3 billion H2 loss on Optus-led impairments; stronger sustained dividends expected

“Too early” to judge quantum of Optus penalties; management to focus on growing dividends by recycling S$6 billion in capital

Vivienne Tay
Yong Jun Yuan

Vivienne Tay &

Yong Jun Yuan

Published Thu, May 23, 2024 · 08:35 AM
    • Singtel’s board has proposed a final dividend of S$0.098 per share, comprising a core dividend of S$0.06 per share and a value realisation dividend of S$0.038 per share.
    • Singtel’s board has proposed a final dividend of S$0.098 per share, comprising a core dividend of S$0.06 per share and a value realisation dividend of S$0.038 per share. PHOTO: REUTERS

    SINGTEL sank into the red with a net loss of S$1.3 billion for its second half ended Mar 31, 2024, compared with a net profit of S$1.1 billion in the same period a year earlier.

    This was mainly due to a marked increase in exceptional losses, which included S$3.1 billion in non-cash impairment charges, it said on Thursday (May 23). In the same period last year, the group recorded a net exceptional gain.

    The results translate to loss per share of S$0.0813, against earnings per share of S$0.0639.

    SingtelFinancial results

    Copyright SPH Media. All rights reserved.

    Reuse this contentFeedback
    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