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Singtel's Q2 net profit falls 5.6% to S$972m
This is in the absence of exceptional gains recorded last year; telco lowers outlook for FY2017
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Published Thu, Nov 10, 2016 · 09:50 PM
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Singapore
SINGAPORE Telecommunications (Singtel) lowered its outlook for fiscal year 2017 from its May guidance, saying it expects operating revenue to fall by a low single digit and for a stable Ebitda (earnings before interest, tax, depreciation and amortisation) based on the first half earnings report card.
The telco had earlier - in May this year - guided in its outlook for group revenue and Ebitda to grow by low single digit.
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