Singapore News

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Singtel profit rises

Posted by jtsmyth8 on November 7, 2007

In a statement, SingTel said net profit for the September quarter came in at $S988 million ($A733 million), up from $S956 million last year.

Operating revenue was at $S3.69 billion ($A2.7 billion), up 10.9 per cent.

The results were higher than expected. A Dow Jones Newswires poll of analysts forecast, on average, a lower net profit of $S908 million. The revenue forecast was $S3.65 billion.

Underlying net profit, which strips out exceptional items, was at $S914 million compared with $S815 million last year.

The company affirmed its medium-term target of growing underlying net profit at a double-digit rate.

(story)

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One Response to “Singtel profit rises”

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