SINGAPORE Telecommunications posted a 5.4-percent rise in its first-quarter (Q1) profit on Thursday, driven by strong performance in its domestic and Australian telecom operations, as well as in its IT business, sending its shares to a two-week high.
SINGAPORE Telecommunications posted a 5.4-percent rise in its first-quarter profit on Thursday, driven by strong performance in its domestic and Australian telecom operations, as well as in its IT business, sending its shares to a two-week high.Operating earnings for its Australian telecom unit Optus rose 4.2 percent to SG$475 million , helped by price increases in postpaid plans and a higher prepaid customer base.
Earnings from SingTel's domestic operations also rose about 4 percent to SG$385 million.That helped boost the telecom operator's underlying net profit to SG$603 million for the three months ended June 30, from SG$571 million a year earlier.'Improvements in our core businesses in Singapore and Australia... helped mitigate lower contributions from our regional associates due mainly to significant currency headwinds in Africa,' said SingTel Chief Executive Officer Yuen Kuan Moon.
Philippines Latest News, Philippines Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Telecommunications provider empowers businesses in BoholDefining the News
Read more »
NTC celebrates 45 years of fostering telecommunications for nation-buildingSINCE its creation 45 years ago under Executive Order (EO) 546, promulgated on July 23, 1979, the National Telecommunications Commission (NTC) has been responsible for the supervision, adjudication and control over all telecommunications services and radio and television networks throughout the Philippines.
Read more »
Singapore's UOB maintains 2024 guidanceSINGAPORE — Singapore's United Overseas Bank (UOB) maintained earnings guidance for 2024 after posting on Thursday a 1-percent year-on-year rise in second-quarter net profit that slightly missed expectations.
Read more »
Gaza truce talks to be held in Doha on Thursday—sourcesDefining the News
Read more »
Flooded areas in Metro Manila on Thursday, July 25, 2024Latest Philippine news from GMA News and 24 Oras. News, weather updates and livestreaming on Philippine politics, regions, showbiz, lifestyle, science and tech.
Read more »
Canceled flights on Thursday, July 25, 2024Latest Philippine news from GMA News and 24 Oras. News, weather updates and livestreaming on Philippine politics, regions, showbiz, lifestyle, science and tech.
Read more »