SINGAPORE (Yosefardi) – Singapore Telecommunications Limited (Singtel) reported a strong first quarter with net profit up 13% to S$942 million. In constant currency terms, net profit would have risen 16%.
As at 30 June 2015, the Group’s combined mobile customer base1 was up 8% to 565 million from a year ago.
Despite the weaker Indonesian Rupiah and significant fair value losses from Airtel, the Group’s share of pre-tax earnings from the regional mobile associates rose 5% to S$625 million. In constant currency terms, pre-tax earnings would have been up 6%.
The Group has presence in Asia, Australia and Africa with over 550 million mobile customers in 25 countries, including India, Indonesia, the Philippines and Thailand. It also has a network of offices throughout Asia Pacific, Europe and the United States.