SingTel third-quarter net profit rises 22% Singapore Telecommunications reported a 22% rise in its third-quarter underlying net profit on Wednesday, boosted by strong contributions from its Australian telecom unit Optus. Southeast Asia's largest telecom firm said its underlying net profit for the quarter ended December 31 was S$680 million ($506.74 million), compared with S$559 million a year earlier. That was largely in line with the Visible Alpha consensus of S$678.8 million.
Singapore Telecommunications reported a 22% increase in its third-quarter underlying net profit, reaching S$680 million ($506.74 million) for the quarter ending December 31, compared to S$559 million the previous year. This growth was primarily driven by strong performance from its Australian telecom unit, Optus, and aligns closely with the Visible Alpha consensus of S$678.8 million.
(Reuters) - Singapore Telecommunications reported a 22% rise in its third-quarter underlying net profit on Wednesday, boosted by strong contributions from its Australian telecom unit Optus.
Southeast Asia's largest telecom firm said its underlying net profit for the quarter ended December 31 was S$680 million ($506.74 million), compared with S$559 million a year earlier.
That was largely in line with the Visible Alpha consensus of S$678.8 million.
($1 = 1.3419 Singapore dollars)
(Reporting by Roshan Thomas in Bengaluru; Editing by Alan Barona)
