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Business > Asia > Singapore

SingTel full-year net profit up 4.8 percent


AFP
Thursday, May 15, 2008


    

SINGAPORE -- Southeast Asia's largest telco, Singapore Telecommunications, Wednesday reported a 4.8

percent increase in annual net profit and looked ahead to more revenue growth despite economic uncertainty. Net profit for the year ended March 31 was S$3.96 billion (US$2.88 billion) compared with S$3.78 billion a year earlier, SingTel said. The results met company guidance and beat the average S$3.77 billion net profit forecast by analysts.

Operating revenue was S$14.84 billion, up 11 percent from the previous year, it said, adding underlying net profit before exceptional items rose 14.3 percent to S$3.68 billion, supported by the firm's regional associates.


      








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