SingTel Says Expect Exceptional Non-Cash Impairment Provisions Of About S$3.1 Bln For 2H24
Singapore Telecommunications Ltd (SingTel) expects to recognize exceptional non-cash impairment provisions of about S$3.1 billion for the second half of the financial year ending March 2024. Optus, SingTel's subsidiary, also expects to record non-cash impairment provisions of A$540 million. SingTel is on track to pay dividends at the upper end of its policy for the financial year. The group also expects to record a non-cash impairment provision of about S$340 million for its Asia Pacific Cyber Security business.
April 29 (Reuters) - Singapore Telecommunications Ltd (STEL.SI) :
SIGNIFICANT NON-CASH IMPAIRMENT PROVISIONS FOR 2ND HALF YEAR AND FY ENDED 31 MARCH 2024)
EXPECTS TO RECOGNISE EXCEPTIONAL NON-CASH IMPAIRMENT PROVISIONS OF APPROXIMATELY S$3.1 BILLION FOR SECOND HALF YEAR ENDED 31 MARCH 2024
EXPECTS TO RECOGNISE EXCEPTIONAL NON-CASH IMPAIRMENT PROVISIONS OF APPROXIMATELY S$3.1 BILLION FOR SECOND HALF YEAR ENDED 31 MARCH
OPTUS EXPECTS TO RECORD NON-CASH IMPAIRMENT PROVISIONS OF A$540 MILLION
EXPECTS TO REPORT A NET LOSS FOR THE SECOND HALF YEAR
OPTUS ENTERPRISE HAS BEEN REPORTING STEEP DECLINES IN FIXED CARRIAGE REVENUE DUE TO CHURN AND PRICE EROSION
SEES A LOWER NET PROFIT FOR THE FINANCIAL YEAR
AN ESTIMATED S$280 MILLION OF NON-CASH IMPAIRMENT PROVISION IS EXPECTED FOR NCS AUSTRALIA DUE MAINLY TO HIGHER COST OF CAPITAL
ON TRACK TO PAY AT THE UPPER END OF ITS DIVIDEND POLICY FOR THE FINANCIAL YEAR
GROUP EXPECTS TO RECORD A NON-CASH IMPAIRMENT PROVISION FOR GOODWILL OF ABOUT S$340 MILLION FOR ASIA PACIFIC CYBER SECURITY BUSINESS Further company coverage: (STEL.SI)