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SingTel Q4 profit falls 33%, sees higher Ebitda this financial year

Published on May 15, 2013 6:54 AM
 
The SingTel building in Somerset Road. Singapore Telecommunications Ltd, South-east Asia's largest telecommunications operator, posted on Wednesday a 33 per cent fall in fourth quarter net profit, hurt by a one-time loss arising from the sale of its stake in Pakistan's Warid. -- FILE PHOTO: ALPHONSUS CHERN

(REUTERS) - Singapore Telecommunications Ltd, South-east Asia's largest telecommunications operator, posted on Wednesday a 33 per cent fall in fourth quarter net profit, hurt by a one-time loss arising from the sale of its stake in Pakistan's Warid.

SingTel, Singapore's largest company by market capitalisation, earned $868 million in the three months ended March, down from $1.29 billion a year ago.

The Singapore telco's underlying net profit - which excludes one-off items - dipped 2 per cent to $1 billion from $1.02 billion a year ago.

Despite the weaker result, SingTel said it will pay a final dividend of 10 cents a share, up from 9.0 cents a year ago.

 
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