SingTel reports higher Q3 profit
February 8, 2006, 8.30 am (Singapore time)
BT
SINGAPORE - Singapore Telecommunications (SingTel), Asia's fifth-largest phone company, posted better-than-expected 4 per cent quarterly earnings growth as strong regional mobile services growth outweighed severe competition facing its Australian unit.
Optus is SingTel's top earner, but subscriber growth is slowing as its market matures.
SingTel affirmed its earlier guidance for the fiscal year ending March 2006 of higher operating revenue but lower earnings before interest, tax, depreciation and amortisation.
The company reported underlying net profit before exceptionals of $778 million (US$478 million) in its third quarter ended Dec 31, up from $747 million a year ago. Attributable net profit was up 16 per cent to $885 million in the quarter, boosted partly by a gain of $90 million from the sale of a 5 per cent stake in Singapore Post. Group operating revenue rose 4.2 per cent to $3.36 billion. Pre-tax profits from associates jumped 35 per cent to $432 million, thanks largely to Bharti and Telkomsel.
It derives about 75 per cent of revenues and two thirds of pre-tax earnings from operations outside Singapore. Australia's second-largest mobile operator Optus is SingTel's top earnings centre, but subscriber growth is slowing as its market matures
BT
SINGAPORE - Singapore Telecommunications (SingTel), Asia's fifth-largest phone company, posted better-than-expected 4 per cent quarterly earnings growth as strong regional mobile services growth outweighed severe competition facing its Australian unit.
Optus is SingTel's top earner, but subscriber growth is slowing as its market matures.
SingTel affirmed its earlier guidance for the fiscal year ending March 2006 of higher operating revenue but lower earnings before interest, tax, depreciation and amortisation.
The company reported underlying net profit before exceptionals of $778 million (US$478 million) in its third quarter ended Dec 31, up from $747 million a year ago. Attributable net profit was up 16 per cent to $885 million in the quarter, boosted partly by a gain of $90 million from the sale of a 5 per cent stake in Singapore Post. Group operating revenue rose 4.2 per cent to $3.36 billion. Pre-tax profits from associates jumped 35 per cent to $432 million, thanks largely to Bharti and Telkomsel.
It derives about 75 per cent of revenues and two thirds of pre-tax earnings from operations outside Singapore. Australia's second-largest mobile operator Optus is SingTel's top earnings centre, but subscriber growth is slowing as its market matures
posted by SmartYInvestor at 6:21 AM
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