Shares & Derivatives
Singtel Reports 1.7% Fall in 3Q Earnings to $953.5 Million
By The Fifth Person  •  February 15, 2016
Singapore Telecommunications reported 3Q earnings inched down 1.7% to $953.5 million versus $969.8 million last year. However, in constant currency terms, net profit would have increased 6% if adjusted for a one-off tax credit last year and the impact from Trustwave acquired in September. For the three months to December, operating revenue came in slightly higher at $4.47 billion versus $4.43 billion a year ago. SingTel says the consumer business in both Singapore and Australia delivered strong EBITDA growth during the quarter. In Singapore, mobile data growth remained strong as post-paid customers traded up to higher-tier plans with 26% exceeding their data bundles while more than half of prepaid customers tapped mobile data services. The launch of data-centric SIM-Only plans in Singapore saw strong take-up, with new customers making up more than two-thirds of the new sign-ups. However, declines in roaming and IDD services and softer handset sales saw Singapore revenue drop 4% ......
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By The Fifth Person
The Fifth Person believes in spreading a message that financial literacy and sound investment knowledge can help people around the world achieve financial independence and lead better lives for themselves and their loved ones.
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