Singtel Group Q3 Net Profit Climbs, EBITDA Edges Down

Singapore Telecommunications

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Kaufen Verkaufen

(RTTNews) - Singapore Telecommunications Ltd., or Singtel Group (Z74.SI, SGAPY, Z77.SI) reported Thursday higher profit in its third quarter, while EBITDA edged down amid slightly higher revenues.

In the third quarter, net profit climbed 43.5 percent to S$1.89 billion from last year's S$1.32 billion.

The latest results were benefited by a higher exceptional gain of S$1.15 billion, primarily from the sale of a partial stake in Airtel.

Underlying net profit was S$744 million, compared to last year's S$680 million. Excluding contributions from Intouch, prior year's underlying net profit was S$651 million.

EBITDA, meanwhile, edged down 0.4 percent to S$939 million from S$943 million a year ago.

Operating revenue increased 0.9 percent to S$3.663 billion from S$3.629 billion last year.

In Singapore, the shares were trading at S$4.9900, up 0.20 percent.

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