Tough road ahead for Singtel, even with help from associates
Q4 net profit down 25.7%, revenue fell 10.2% with lower mobile service, equipment sales in S'pore and Australia
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WITH the Covid-19 bug still at large, the worst may yet lie ahead for Singtel's key regional associates - and for Singtel's shareholders.
The novel coronavirus, and the strict public measures taken to control its spread, "hit our various associates probably a month after Singapore and Australia", Singtel's international business head Arthur Lang told an earnings briefing. "So, some of what we saw, the associates are going through now or one month later."
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