Singapore Telecom said Wednesday its net profit climbed 7.0 percent in the fiscal first quarter from the previous year on stronger contributions from regional associates and lower costs.
Net profit in the three months ended June was Sg$1.01 billion ($797 million), up from Sg$945 million in the same period last year, Southeast Asia's biggest telecom firm by revenue said in a statement to the Singapore Exchange.
Group revenue fell 5.3 percent to Sg$4.3 billion, SingTel said, adding that this reflected a more cautious business environment and a slowdown in the mobile market in Australia, where its wholly-owned subsidiary Optus operates. Full story
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