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Singtel sees 23.8% higher net profit of $734 mil in 3QFY2021

Felicia Tan
Felicia Tan2/15/2022 08:27 AM GMT+08  • 4 min read
Singtel sees 23.8% higher net profit of $734 mil in 3QFY2021
Shares in Singtel closed flat at $2.55 on Feb 14.
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Singapore Telecommunications (Singtel) has reported a 23.8% growth y-o-y in its net profit of $734 million for the 3QFY2021 ended December, lifted by net exceptional gains from the disposal of the group’s 70% equity stake in Australia Tower Network.

See: Earnings recovery expected from Singtel in 3QFY2022

Underlying net profit, however, dipped 0.9% y-o-y to $473 million due to lower operating revenue and EBITDA.

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