Too early to tell how Singtel revenue might rebound past pre-pandemic base, says CEO

SINGTEL management has not yet pinned down a turnaround trajectory, despite calling itself "encouraged" by the telco's latest quarter-on-quarter growth.

Describing the pick-up as "still quite tentative", outgoing chief executive Chua Sock Koong said: "Fingers crossed, if you don't see a significant deterioration in sentiment for whatever reason, we would expect the revenue recovery to continue; whether we would exceed the pre-pandemic levels is still to be seen."

That comes as mainboard-listed Singtel turned in a 36.2 per cent year-on-year decline in underlying net profit for the six months to Sept 30, on a 10.2 per cent drop in revenue.