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Singtel reports 5.6% lower 1Q earnings of $891.6 mil on lower contributions from associates and exceptional charges

PC Lee
PC Lee8/11/2017 7:28 AM GMT+08  • 2 min read
Singtel reports 5.6% lower 1Q earnings of $891.6 mil on lower contributions from associates and exceptional charges
SINGAPORE (Aug 11): Singtel has reported 5.6% lower 1Q earnings of $891.6 million versus $944.3 million a year ago as a result of lower associates’ contributions and exceptional charges from workforce restructuring at Optus.
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SINGAPORE (Aug 11): Singtel has reported 5.6% lower 1Q earnings of $891.6 million versus $944.3 million a year ago as a result of lower associates’ contributions and exceptional charges from workforce restructuring at Optus.

For the 1Q ended June, operating revenue came in 8.2% higher at $4.23 billion compared to $3.91 billion a year ago.

However share of results of associates and joint ventures came in at $515.4 million compared to $551.5 million a year ago.

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