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Singtel posts 19% drop in 4Q earnings to $781 mil; full-year earnings hit record $5.5 bil on NetLink Trust divestment

Stanislaus Jude Chan
Stanislaus Jude Chan5/17/2018 07:56 AM GMT+08  • 2 min read
Singtel posts 19% drop in 4Q earnings to $781 mil; full-year earnings hit record $5.5 bil on NetLink Trust divestment
SINGAPORE (May 17): Singapore Telecommunications (Singtel) saw its earnings fall 19% to $780.6 million for the 4Q ended March, from $963.3 million a year ago, on the back of weaker results from Airtel and Telkomsel and adverse currency movements.
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SINGAPORE (May 17): Singapore Telecommunications (Singtel) saw its earnings fall 19% to $780.6 million for the 4Q ended March, from $963.3 million a year ago, on the back of weaker results from Airtel and Telkomsel and adverse currency movements.

This brings full-year earnings for FY18 to a record high of $5.45 billion, up 41.5% from $3.85 billion a year ago. This was due to an exceptional gain on disposal of units in NetLink Trust.

4Q18 operating revenue was stable at $4.33 billion, a marginal 0.4% higher than $4.31 billion a year ago.

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