Last week, Singtel, Singapore’s largest telecommunications operator, reported a scintillating set of numbers for the first half of its 2022 financial year which ended September 2021. Net profits after tax shot up 104.7 percent to SGD 954 million (USD 705 million) as its “underlying business grew on the back of accelerated digitalisation and a resumption […]
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Singtel posts lowest profit in over 20 years but Airtel shines among associate companies
Singapore’s leading telecommunications operator, Singtel, last week reported a 49 percent decline in annual net profit to SGD 554 million (USD 420 million), its lowest in over 20 years. Operating revenue for the financial year which ended March 2021 weakened five percent to SGD 15.64 billion (USD 11.85 billion) and underlying […]