Singtel Q1 Net Profit Falls 71.6% as Singapore Competition Intensifies
Singtel reported a 71.6% drop in Q1 net profit to S$818 million, citing continued intense price competition and noting the result came in the absence of an Airtel stake sale. Underlying net profit rose to S$831 million. Revenue grew to S$3.6 billion, supported by Airtel, AIS, NCS, Optus and Digital InfraCo, though Singtel Singapore’s EBITDA fell 4.6%.