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
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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.
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