Singapore Telecommunications Ltd. on Wednesday said its fiscal fourth-quarter net profit declined 32.6% because it booked a loss on the sale of its equity stake in a Pakistan company.
Net profit for the quarter ended March 31 was 868 million Singapore dollars ($698 million), compared with S$1.29 billion a year earlier, SingTel said in a statement to Singapore Exchange. Operating revenue was S$4.48 billion, down 6.3% from S$4.78 billion, according to the statement. Full story
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