Singtel announced that it has reversed into profitability with 1HFY2021 earnings of $466.1 million from a loss of $127.0 million in 1HFY2020.

This came on the back of a 10.2% fall in revenue to $7.4 billion from $8.3 billion a year ago.

The Group’s revenue is mainly derived from Singapore and Australia which respectively accounted for approximately 39% and 52% of the consolidated revenue. The remaining 9% comes from the US and other countries that the group operates in.

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