Tuesday, February 8, 2011

SingTel Posts 6% Growth Driven by Mobile

Singapore Telecommunications' (SingTel's) revenue rose strongly by 6 percent to S$4.70 billion in the third quarter, led by revenue growth in Singapore and Australia. The stronger Australian dollar helped to lift revenue.

The Singapore business reported a 7 percent increase in revenue to S$1.63 billion with growth across major revenue streams led by mobile. In Australia, revenue rose 4 percent to A$2.38 billion, driven by continued mobile growth despite an increasingly competitive market. Mobile across Singapore and Australia now comprises 43% of total revenue, up 1.5 percentage points from the same quarter a year ago.

Overall, EBITDA came in at S$1.80 billion -- down 1.2%. The underlying net profit was S$968 million -- down 2.2%. Excluding the effects of Bharti Africa, underlying net profit was stable.

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