Singapore Telecommunications Ltd. said Wednesday its fiscal second quarter
net profit rose 3.3 percent from a year ago on contributions from regional
mobile associates and operations in Singapore and Australia.
Net profit for the JulySeptember quarter came in at 988 million Singapore
dollars (US$684 million €470 million), up from S$956 million in the same
quarter last year, SingTel said in a statement.
Operating revenue was at S$3.69 billion (US$2.55 billion €1.74 billion), up
10.9 percent from S$3.33 billion previously.
"The success of our international expansion has created a diversified earnings
base," SingTel Group Chief Executive Chua Sock Koong said in the statement. "Our
overseas operations now contribute 74 percent of proportionate earnings before
interest, tax, depreciation and amortization, up from 71 percent a year ago,"
In Australia, SingTel said its Optus subsidiary saw revenue rise 3.7 percent in
the quarter to 1.93 billion Australian dollars (US$1.8 billion €1.23 billion).
SingTel said posttax profit from regional associates rose 21 percent to S$477
million (US$330 million €225 million) on the back of strong subscriber growth,
especially in India.
Underlying net profit, which strips out exceptional items, rose to S$914 million
(US$633 million €432 million) from S$815 million a year ago. The company
granted a dividend of 5.60 Singapore cents (US$0.039 €0.027) per share for the
quarter, up from 3.69 cents a share a year earlier.