UPDATE 1-SingTel's Q1 profit rises as telecom, IT businesses perform strongly
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Aug 14 2024
0mins
Source: Yahoo Finance
Profit Growth: Singapore Telecommunications reported a 5.4% increase in first-quarter profit, reaching S$603 million, driven by strong performances in its domestic and Australian telecom operations as well as its IT business.
Future Outlook: The company anticipates high single- to low double-digit growth in operating earnings for the full year.
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.
