UNBconnect... - Singapore's SingTel 1Q profit jumps 30 percent

Hartal ends peacefully in Rangpur div * * * PM for judicious settlement of water disputes to end global conflicts * * * Envoys meet Khaleda, urge parties to publicly reject violence * * * Home Minister says, clarifies * * * 3 Hefajat leaders held in city

< >

Monday, 20 May 2013

Singapore's SingTel 1Q profit jumps 30 percent

Reported by: AP/UNBconnect
Reported on: May 10, 2012 11:23 AM
Reported in: Business

News - Singapore's SingTel 1Q profit jumps 30 percent

SINGAPORE, May 10 (AP/UNB) - Singapore Telecommunications Ltd. said its profit jumped 30 percent in the first quarter because of a large tax credit and better results at its units in Thailand and Indonesia.

SingTel said Thursday that profit for the January-March period rose to 1.29 billion Singapore dollars ($1.03 billion) from SG$992 million a year earlier. Operating revenue rose 3 percent to SG$4.78 billion from SG$4.64 billion.

SingTel said profits were boosted by a SG$270 million tax credit. The company said without the tax credit and other one-time items, underlying profit in the quarter rose 2.5 percent to SG$1.02 billion.

SingTel said profit from its regional mobile units rose 6.4 percent to SG$510 million, led by higher contributions from Thailand and Indonesia.

Bookmark with