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Singtel reports 6.6% lower 1Q earnings of $832 mil

Michelle Zhu
Michelle Zhu8/8/2018 08:00 AM GMT+08  • 2 min read
Singtel reports 6.6% lower 1Q earnings of $832 mil
SINGAPORE (Aug 8): Singtel posted 1Q19 earnings of $831.5 million, down 6.6% y-o-y compared to $889.8 million in restated 1Q18 earnings due to weaker results from Airtel and Telkomsel, reduced stake in NetLink NBN Trust, higher withholding taxes and adver
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SINGAPORE (Aug 8): Singtel posted 1Q19 earnings of $831.5 million, down 6.6% y-o-y compared to $889.8 million in restated 1Q18 earnings due to weaker results from Airtel and Telkomsel, reduced stake in NetLink NBN Trust, higher withholding taxes and adverse currency movements.

Operating revenue fell 0.5% to $4.1 billion from restated 1Q18 revenue of $4.2 billion due to lower contributions across all businesses with pay television as the exception.

Group Consumer revenue grew to $2.4 billion from $2.3 billion in 1Q18 due to higher contributions from its business in Australia, which helped to offset the weaker results from Airtel in India and Telkomsel in Indonesia.

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