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SingTel ends FY19 with 44% lower earnings of $3.1 bil; proposes 10.7 cents final dividend

Michelle Zhu
Michelle Zhu5/15/2019 07:45 AM GMT+08  • 3 min read
SingTel ends FY19 with 44% lower earnings of $3.1 bil; proposes 10.7 cents final dividend
SINGAPORE (May 15): Singapore Telecommunications (SingTel) posted $773 million in earnings for the 4Q19 ended March, down $7.7 million or 1% y-o-y compared to 4Q18 earnings of $769.6 million after factoring in exceptional gains from Airtel.
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SINGAPORE (May 15): Singapore Telecommunications (SingTel) posted $773 million in earnings for the 4Q19 ended March, down $7.7 million or 1% y-o-y compared to 4Q18 earnings of $769.6 million after factoring in exceptional gains from Airtel.

The latest set of results brings the group’s full year earnings to $3.1 billion for FY19, representing a 44% decline from FY18 earnings of $5.5 billion which was mainly attributed to the absence of an exceptional gain from the divestment of NetLink Trust (NLT).

SingTel is recommending a final dividend of 10.7 cents per share, totalling approximately $1.75 billion as of end March.

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