Stocks

Singtel Q3 net profit falls 14 pct

Reuters

SINGAPORE, Feb 14 () - Singapore Telecommunications Ltd on Thursday posted a 14 percent decline in third-quarter net profit, partly due to intense competition in India and higher depreciation and amortisation from network investments by regional associates.

Singtel, Southeast Asia's largest telecom operator, posted net profit of S$823 million ($605 million) for the three months ended in December, compared with S$959 million a year ago.

Underlying net profit, which excludes one-time items, fell 28 percent to S$680 million.

($1 = 1.3597 Singapore dollars)


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Reuters

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