UPDATE 1-Singapore Telecommunications' half-year net profit falls 42%
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Nov 12 2024
0mins
Source: Yahoo Finance
Profit Decline: Singapore Telecommunications (SingTel) reported a 42% drop in half-year profit to S$1.23 billion, primarily due to the absence of a previous S$1.2 billion gain from divesting Telkomsel shares.
Optus Performance: SingTel's Australian unit, Optus, maintained its operating revenue at A$4.02 billion despite ongoing legal issues, while the company declared a higher interim dividend of 7 Singapore cents per share compared to last year's 5.2 cents.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
