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Singtel posts 2% rise in 4Q earnings to $963 mil; NetLink Trust IPO making 'good progress'

PC Lee
PC Lee5/18/2017 7:26 AM GMT+08  • 2 min read
Singtel posts 2% rise in 4Q earnings to $963 mil; NetLink Trust IPO making 'good progress'
SINGAPORE (May 18): Singtel posted a 1.8% rise in 4Q earnings to $963.3 million, bringing full-year earnings to $3.9 billion from a year ago.
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SINGAPORE (May 18): Singtel posted a 1.8% rise in 4Q earnings to $963.3 million, bringing full-year earnings to $3.9 billion from a year ago.

Singtel says core earnings in 4Q stayed strong on the back of continued growth in broadband, mobile data and ICT. This, together with Telkomsel’s strong performance, mitigated lower contributions from Airtel which is facing intense price competition in India.

For the quarter, pre-tax profits for the regional associates declined 6% to $658 million.

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