Singapore Telecommunications has reported net profit of $445 million for the 1QFY2022 ended June, reversing from its net loss of $20 million in the corresponding period the year before.

The figure includes the group’s net exceptional losses during the quarter, which comprised mainly restructuring costs and its share of one-off items from Telkomsel and Airtel.

Underlying net profit for the 1QFY2022 rose 31% y-o-y to $451 million, largely attributable to the strong operating performance from Australia Consumer and net profit contribution from Airtel.

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