businesstimes.com.sg

Singtel Q1 Net Profit Falls 71.6% as Singapore Competition Intensifies

Singtel logoSingtel
Sig1.65Sen-2.75Env0.00Soc0.00Gov0.00
Bharti Airtel logoBharti Airtel
Sig1.35Sen+2.25Env0.00Soc0.00Gov0.00

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%.

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