SINGAPORE (Nov 10): Singapore Telecommunications’ 2Q earnings slipped 5.6% to $972.3 million from $1 billion a year ago due to the absence of a one-off gain.
The group recorded exceptional net loss of $6 million this quarter, compared to a $55 million gain last year. The loss partly came from AIS’ handset subsidy costs for migrating its 2G-handset customers to 3G/4G.
Underlying earnings though remained stable at $978 million.
For more insights on corporate trends...
Sign In or Create an account to access our premium content.
Subscription Entitlements:
Less than $9 per month
Unlimited access to latest and premium articles
3 Simultaneous logins across all devices
Bonus unlimited access to online articles and virtual newspaper on The Edge Malaysia (single login)
