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Singtel posts 8.5% decline in 3Q earnings to $890 mil on lower contribution from associates

Stanislaus Jude Chan
Stanislaus Jude Chan2/8/2018 11:40 AM GMT+08  • 4 min read
Singtel posts 8.5% decline in 3Q earnings to $890 mil on lower contribution from associates
SINGAPORE (Feb 8): Singapore Telecommunications (Singtel) saw its earnings fall 8.5% to $890.2 million in the 3Q ended December, from $972.8 million a year ago.
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SINGAPORE (Feb 8): Singapore Telecommunications (Singtel) saw its earnings fall 8.5% to $890.2 million in the 3Q ended December, from $972.8 million a year ago.

This was mainly due to lower contributions from associates due to lower profits at Airtel, Telkomsel and Globe, as well as lower contribution from NetLink NBN Trust following Singtel’s reduction in its economic interest.

Share of results of associates and joint ventures fell 20.8% to $383.6 million in 3Q18, from $484.6 million a year ago.

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