With Singtel’s Indian associate Bharti Airtel’s growth plans back on track, and especially the lack of provisions during this period, the group is finally back in the black. Analysts are generally all smiles on the group’s positive 1HFY2021 results.

Singtel reversed into profitability in its latest 1HFY2021 results, with earnings of $466.1 million from a loss of $127.9 million a year ago.  This came on the back of a 10.2% fall in revenue to $7.4 billion from $8.3 billion a year ago, mainly due to lower contribution from its Australian business, Optus.

The board has declared an interim dividend of 5.1 cents per share, payable on Jan 15, 2021. This is lower than that of 6.8 cents interim dividend paid out in the same period a year ago. It has also approved the adoption of a scrip dividend scheme and the application of this scheme to the interim dividend.

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