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Pick up the call on Singtel

Samantha Chiew
Samantha Chiew5/29/2020 2:43 PM GMT+08  • 5 min read
Pick up the call on Singtel
Analysts are remaining positive on Singapore Telecommunications (Singtel) despite the company’s results announcement yesterday, which recorded its lowest final year earnings since 1993 and a slash in dividends.
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SINGAPORE (May 29): Analysts are remaining positive on Singapore Telecommunications (Singtel) despite the company’s results announcement yesterday, which recorded its lowest final year earnings since 1993 and a slash in dividends.

Singtel announced a 26% fall in 4Q20 earnings to $574 million from $772 million a year ago, on the back of a net exceptional charge of $302 million from Bharti Airtel’s provision for the spectrum charge.

4Q20 operating revenue fell 10% y-o-y to $3.90 billion from last year’s $4.34 billion due largely to the 6% depreciation in the Australian dollar. Earnings before interest, tax, depreciation and amortization (EBITDA) for the quarter declined 12% y-o-y to $1.03 billion.

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