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Singtel’s interim dividend up 35%, H1 profit falls 42.4% to S$1.23 billion in absence of exceptional gain

Singtel’s interim dividend up 35%, H1 profit falls 42.4% to S$1.23 billion in absence of exceptional gain

By Swedan Margen

Fashion

Soft enterprise demand is expected to improve in the coming months, and data centre customers are paying reservation fees to secure limited capacity

SINGTEL’S net profit for the first half ended September fell 42.4 per cent year on year to S$1.23 billion from S$2.14 billion.

This was in the absence of a S$1.2 billion exceptional gain booked in the same period a year prior, for the issuance of Telkomsel shares to integrate Indonesian broadband provider IndiHome.

Underlying net profit, which is the basis of core dividend payout, grew 6 per cent to S$1.2 billion, from S$1.1 billion over the same period a year earlier.

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Originally published by businesstimes.com.sg. Syndicated material does not necessarily reflect the views of Grazia British.

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