SINGAPORE (Yosefardi) – Singapore Telecommunications Limited (SingTel) reported a resilient first quarter operating performance, despite significant investments to support business transformation and currency headwinds.
Underlying net profit dipped 2% to S$881 million. Revenue and EBITDA were down 3% to S$4.15 billion and S$1.25 billion respectively.
The Singapore operations continued to grow its Consumer Home and mobile businesses. In
Australia, mobile service revenue was stable, reflecting Optus’ strategy to drive data revenue growth.
Free cash flow generated in the first quarter was up 33% to S$1.18 billion on strong
operating cash flow from Singapore and Australia.
SingTel is Asia’s leading communications group providing a portfolio of services including voice and data solutions over fixed, wireless and Internet platforms, as well as infocomm technology and pay TV.
The Group has presence in Asia, Australia and Africa with over 500 million mobile customers in 25 countries, including Bangladesh, India, Indonesia, the Philippines and Thailand.